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ACIPCO FEDERAL CREDIT UNION

Sep, 30, 2022 — ACIPCO FEDERAL CREDIT UNION is a federal credit union headquartered in BIRMINGHAM, AL with 2 branch locations and about $189.49 million in total assets. Opened 59 years ago in 1964, ACIPCO FEDERAL CREDIT UNION has about 8,441 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 262087447
Name:ACIPCO FEDERAL CREDIT UNION
Address:
(Main Office)
1501 31st Ave N
BIRMINGHAM, AL 35207
Phone:(205) 328-4371
Fax:(205) 251-1513
Website:https://www.acipcofcu.org
Branches:2 branch locations
Members:8,441
Credit Union Type:Federal Credit Union
Charter Number:16500
Membership Type:Manufacturing - Primary and Fabricated Metals
Corporate Credit Union:No
Year Opened:1964
Last Audited:Jun 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$189,492,150
CEO/Manager:Jo Alvis
Chairperson:Mike Kitchens

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 12,866,728
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 94,816,903
 Unsecured Loans 5,499,382
 Other Loans 31,071,951
 TOTAL LOANS 131,388,236
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -160,827
 Land And Building 2,495,181
 Other Fixed Assets 80,676
 NCUSIF Deposit 1,455,538
 All Other Assets 0
  TOTAL ASSETS 189,492,150
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 11,500,000
 Accounts Payable & Other Liabilities 845,387
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 17,931,793
 Regular shares 37,987,370
 All Other Shares & Deposits 99,395,974
  TOTAL SHARES & DEPOSITS 155,315,137
  TOTAL LIABILITIES 167,660,524
 Regular Reserve 0
 Other Reserves -7,076,382
 Undivided Earnings 28,908,008
  TOTAL EQUITY 21,831,626
  TOTAL LIABILITIES, SHARES, & EQUITY 189,492,150
INCOME & EXPENSE  
 Loan Income 4,269,512
 Investment Income 431,910
 Other Income 242,373
 Total Employee Compensation & Benefits 1,102,662
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,154,684
 Non-operating Income & (Expense) 7,086
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 633,597
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,613,955
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