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NORTH ALABAMA PAPERMAKERS FEDERAL CREDIT UNION

Mar, 31, 2021 — NORTH ALABAMA PAPERMAKERS FEDERAL CREDIT UNION is a federal credit union headquartered in STEVENSON, AL with 1 branch location and about $2.93 million in total assets. Opened 46 years ago in 1975, NORTH ALABAMA PAPERMAKERS FEDERAL CREDIT UNION has about 384 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:NORTH ALABAMA PAPERMAKERS FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 508
STEVENSON, AL 35772
Phone:(256) 437-3232
Fax:(256) 437-3329
Website:n/a
Branches:1 branch locations
Members:384
Credit Union Type:Federal Credit Union
Charter Number:22070
Membership Type:Manufacturing - All Other
Corporate Credit Union:No
Year Opened:1975
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$2,933,171
CEO/Manager:Summer L Guess
Chairperson:Bret W Sumner

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,288,375
TOTAL INVESTMENTS 150,245
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 107,684
 Other Loans 1,358,021
 TOTAL LOANS 1,465,705
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -7,852
 Land And Building 0
 Other Fixed Assets 2,693
 NCUSIF Deposit 20,708
 All Other Assets 13,297
  TOTAL ASSETS 2,933,171
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,878
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,418,511
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,418,511
  TOTAL LIABILITIES 2,422,389
 Regular Reserve 131,039
 Other Reserves 0
 Undivided Earnings 379,743
  TOTAL EQUITY 510,782
  TOTAL LIABILITIES, SHARES, & EQUITY 2,933,171
INCOME & EXPENSE  
 Loan Income 16,480
 Investment Income 712
 Other Income 911
 Total Employee Compensation & Benefits 9,302
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 7,605
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 401
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 841
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