Dec, 31, 2020 — ANDALUSIA MILLS EMPLOYEES CREDIT UNION is a federal credit union headquartered in ANDALUSIA, AL with 1 branch location and about $3.30 million in total assets. Opened 38 years ago in 1983, ANDALUSIA MILLS EMPLOYEES CREDIT UNION has about 1,057 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ANDALUSIA MILLS EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 200 WAITS DR ANDALUSIA, AL 36421 |
| Phone: | (334) 427-3616 |
| Fax: | (334) 427-3651 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,057 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23990 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1983 |
| Last Audited: | Nov 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,297,524 |
| CEO/Manager: | Tina M Gantt |
| Chairperson: | Greg Sport |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,967,293 |
| TOTAL INVESTMENTS | 658,787 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 275,190 |
| Other Loans | 371,688 |
| TOTAL LOANS | 646,878 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,500 |
| Land And Building | 0 |
| Other Fixed Assets | 637 |
| NCUSIF Deposit | 21,730 |
| All Other Assets | 5,699 |
| TOTAL ASSETS | 3,297,524 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,023 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,840 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,143,820 |
| All Other Shares & Deposits | 499,001 |
| TOTAL SHARES & DEPOSITS | 2,642,821 |
| TOTAL LIABILITIES | 2,650,684 |
| Regular Reserve | 108,578 |
| Other Reserves | 0 |
| Undivided Earnings | 538,262 |
| TOTAL EQUITY | 646,840 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,297,524 |
| INCOME & EXPENSE | |
| Loan Income | 63,005 |
| Investment Income | 18,645 |
| Other Income | 25,161 |
| Total Employee Compensation & Benefits | 97,957 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 43,824 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -3,991 |
| Cost of Funds | 11,496 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -42,475 |
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