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LEGACY COMMUNITY FEDERAL CREDIT UNION

Mar, 31, 2021 — LEGACY COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in BIRMINGHAM, AL with 8 branch locations and about $592.57 million in total assets. Opened 66 years ago in 1955, LEGACY COMMUNITY FEDERAL CREDIT UNION has about 39,231 members and employs 110 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 262086561
Name:LEGACY COMMUNITY FEDERAL CREDIT UNION
Address:
(Main Office)
100 CORPORATE RDG STE 200
BIRMINGHAM, AL 35242-2994
Phone:(205) 933-9933
Fax:(205) 930-5019
Website:http://www.legacycreditunion.com
Branches:8 branch locations
Members:39,231
Credit Union Type:Federal Credit Union
Charter Number:24421
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1955
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$592,572,778
CEO/Manager:JOE McGEE
Chairperson:Claude McCann

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 82,811,851
TOTAL INVESTMENTS 132,023,173
Loans Held for Sale 0
 
 Real Estate Loans 157,125,203
 Unsecured Loans 18,433,429
 Other Loans 165,106,457
 TOTAL LOANS 340,665,089
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -762,327
 Land And Building 18,285,014
 Other Fixed Assets 838,123
 NCUSIF Deposit 4,113,270
 All Other Assets 14,598,585
  TOTAL ASSETS 592,572,778
LIABILITIES & CAPITAL:  
 Dividends Payable 152,885
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 5,433,938
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 143,737,652
 Regular shares 224,311,877
 All Other Shares & Deposits 159,400,671
  TOTAL SHARES & DEPOSITS 527,450,200
  TOTAL LIABILITIES 533,037,023
 Regular Reserve 6,612,980
 Other Reserves -8,266,403
 Undivided Earnings 61,189,178
  TOTAL EQUITY 59,535,755
  TOTAL LIABILITIES, SHARES, & EQUITY 592,572,778
INCOME & EXPENSE  
 Loan Income 3,017,947
 Investment Income 364,811
 Other Income 809,140
 Total Employee Compensation & Benefits 1,729,639
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,112,407
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 187,852
 Cost of Funds 549,666
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 442,183
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