Jun, 30, 2021 — ACIPCO FEDERAL CREDIT UNION is a federal credit union headquartered in BIRMINGHAM, AL with 2 branch locations and about $179.40 million in total assets. Opened 57 years ago in 1964, ACIPCO FEDERAL CREDIT UNION has about 8,170 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) | PO BOX 2727 BIRMINGHAM, AL 35202 |
| Phone: | (205) 328-4371 |
| Fax: | (205) 251-1513 |
| Website: | http://www.acipcofcu.org |
| Branches: | 2 branch locations |
| Members: | 8,170 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $179,400,877 |
| CEO/Manager: | Jo Alvis |
| Chairperson: | Mike Kitchens |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,500,772 |
| TOTAL INVESTMENTS | 31,023,242 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 79,781,770 |
| Unsecured Loans | 5,083,795 |
| Other Loans | 29,909,383 |
| TOTAL LOANS | 114,774,948 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -260,348 |
| Land And Building | 2,608,256 |
| Other Fixed Assets | 100,247 |
| NCUSIF Deposit | 1,384,275 |
| All Other Assets | 5,269,485 |
| TOTAL ASSETS | 179,400,877 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 531,059 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,437,361 |
| Regular shares | 35,195,130 |
| All Other Shares & Deposits | 101,920,297 |
| TOTAL SHARES & DEPOSITS | 154,552,788 |
| TOTAL LIABILITIES | 155,083,847 |
| Regular Reserve | 4,696,292 |
| Other Reserves | -2,098,534 |
| Undivided Earnings | 21,719,272 |
| TOTAL EQUITY | 24,317,030 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 179,400,877 |
| INCOME & EXPENSE | |
| Loan Income | 2,791,619 |
| Investment Income | 150,604 |
| Other Income | 139,362 |
| Total Employee Compensation & Benefits | 776,591 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 747,845 |
| Non-operating Income & (Expense) | -80,490 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,721 |
| Cost of Funds | 427,489 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,350,372 |
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