Sep, 30, 2022 — SYCAMORE FEDERAL CREDIT UNION is a federal credit union headquartered in TALLADEGA, AL with 1 branch location and about $48.53 million in total assets. Opened 78 years ago in 1945, SYCAMORE FEDERAL CREDIT UNION has about 2,631 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SYCAMORE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 18070 AL Highway 21 TALLADEGA, AL 35160 |
| Phone: | (256) 245-5887 |
| Fax: | (256) 249-0560 |
| Website: | https://www.sycamorefcu.com |
| Branches: | 1 branch locations |
| Members: | 2,631 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5241 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1945 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $48,529,607 |
| CEO/Manager: | Marshall McGrady |
| Chairperson: | G. LEWIS LACKEY |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,106,432 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 21,402,852 |
| Unsecured Loans | 582,355 |
| Other Loans | 14,502,711 |
| TOTAL LOANS | 36,487,918 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -153,440 |
| Land And Building | 696,933 |
| Other Fixed Assets | 45,559 |
| NCUSIF Deposit | 329,639 |
| All Other Assets | 75,000 |
| TOTAL ASSETS | 48,529,607 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 195,926 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,187,641 |
| Regular shares | 28,647,231 |
| All Other Shares & Deposits | 9,317,896 |
| TOTAL SHARES & DEPOSITS | 40,152,768 |
| TOTAL LIABILITIES | 40,348,694 |
| Regular Reserve | 0 |
| Other Reserves | 73,246 |
| Undivided Earnings | 8,107,667 |
| TOTAL EQUITY | 8,180,913 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 48,529,607 |
| INCOME & EXPENSE | |
| Loan Income | 1,947,065 |
| Investment Income | 47,098 |
| Other Income | 370,757 |
| Total Employee Compensation & Benefits | 581,970 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 290,485 |
| Non-operating Income & (Expense) | 10,660 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 35,514 |
| Cost of Funds | 414,889 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,052,722 |
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