Dec, 31, 2023 — ACIPCO FEDERAL CREDIT UNION is a federal credit union headquartered in BIRMINGHAM, AL with 2 branch locations and about $192.41 million in total assets. Opened 60 years ago in 1964, ACIPCO FEDERAL CREDIT UNION has about 8,547 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ACIPCO FEDERAL CREDIT UNION |
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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: | 8,547 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16500 |
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Membership Type: | Manufacturing - Primary and Fabricated Metals |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $192,413,821 |
CEO/Manager: | Jo Alvis |
Chairperson: | Mike Kitchens |
ASSETS: | $ Amount |
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Cash & Equivalents | 16,286,225 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 95,472,975 |
Unsecured Loans | 5,417,853 |
Other Loans | 33,423,712 |
TOTAL LOANS | 134,314,540 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -634,477 |
Land And Building | 2,382,106 |
Other Fixed Assets | 124,036 |
NCUSIF Deposit | 1,594,084 |
All Other Assets | 19,573 |
TOTAL ASSETS | 192,413,821 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 1,000,000 |
Accounts Payable & Other Liabilities | 1,581,303 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 20,377,975 |
Regular shares | 39,978,416 |
All Other Shares & Deposits | 107,364,260 |
TOTAL SHARES & DEPOSITS | 167,720,651 |
TOTAL LIABILITIES | 170,301,954 |
Regular Reserve | 0 |
Other Reserves | -6,112,310 |
Undivided Earnings | 28,224,177 |
TOTAL EQUITY | 22,111,867 |
TOTAL LIABILITIES, SHARES, & EQUITY | 192,413,821 |
INCOME & EXPENSE | |
Loan Income | 5,102,573 |
Investment Income | 950,845 |
Other Income | 378,051 |
Total Employee Compensation & Benefits | 1,885,825 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,692,755 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 200,000 |
Cost of Funds | 2,881,760 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 596,382 |
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