Dec, 31, 2023 — NORTH ALABAMA PAPERMAKERS FEDERAL CREDIT UNION is a federal credit union headquartered in STEVENSON, AL with 1 branch location and about $2.36 million in total assets. Opened 49 years ago in 1975, NORTH ALABAMA PAPERMAKERS FEDERAL CREDIT UNION has about 327 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) | 1611 County Road 85 STEVENSON, AL 35772 |
| Phone: | (256) 437-3232 |
| Fax: | (256) 437-3329 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 327 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22070 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,362,425 |
| CEO/Manager: | Summer L Guess |
| Chairperson: | Bret W Sumner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 955,309 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 130,758 |
| Other Loans | 1,202,254 |
| TOTAL LOANS | 1,333,012 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,815 |
| Land And Building | 0 |
| Other Fixed Assets | 3,515 |
| NCUSIF Deposit | 19,430 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,362,425 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 19,195 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,829,310 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,829,310 |
| TOTAL LIABILITIES | 1,848,505 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 513,920 |
| TOTAL EQUITY | 513,920 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,362,425 |
| INCOME & EXPENSE | |
| Loan Income | 61,179 |
| Investment Income | 32,685 |
| Other Income | 3,289 |
| Total Employee Compensation & Benefits | 60,559 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 27,763 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,550 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,744 |
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