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.
| 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 |
| 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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