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SYCAMORE FEDERAL CREDIT UNION

Jun, 30, 2023 — 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 79 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.


ABA Routing Number: 262277105
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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