Dec, 31, 2023 — DEMOPOLIS FEDERAL CREDIT UNION is a federal credit union headquartered in DEMOPOLIS, AL with 1 branch location and about $2.14 million in total assets. Opened 58 years ago in 1966, DEMOPOLIS FEDERAL CREDIT UNION has about 673 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DEMOPOLIS FEDERAL CREDIT UNION |
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Address: (Main Office) | 106 E Washington St DEMOPOLIS, AL 36732 |
Phone: | (334) 289-4686 |
Fax: | (334) 289-4475 |
Website: | https://demopolisfcu.com |
Branches: | 1 branch locations |
Members: | 673 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17311 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1966 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,135,642 |
CEO/Manager: | Quesha D Crockett |
Chairperson: | Lorenzo McCants |
ASSETS: | $ Amount |
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Cash & Equivalents | 667,814 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 363,913 |
Other Loans | 579,196 |
TOTAL LOANS | 943,109 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,517 |
Land And Building | 65,079 |
Other Fixed Assets | 51,322 |
NCUSIF Deposit | 11,638 |
All Other Assets | 0 |
TOTAL ASSETS | 2,135,642 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 310,076 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,095,288 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,095,288 |
TOTAL LIABILITIES | 1,405,364 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 730,278 |
TOTAL EQUITY | 730,278 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,135,642 |
INCOME & EXPENSE | |
Loan Income | 79,186 |
Investment Income | 28,390 |
Other Income | 21,193 |
Total Employee Compensation & Benefits | 66,653 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 36,820 |
Non-operating Income & (Expense) | 92,196 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,818 |
Cost of Funds | 4,741 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 102,711 |
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