Jun, 30, 2024 — ALABAMA CENTRAL CREDIT UNION is a federally insured state chartered credit union headquartered in BIRMINGHAM, AL with 9 branch locations and about $203.91 million in total assets. Opened 87 years ago in 1938, ALABAMA CENTRAL CREDIT UNION has about 17,135 members and employs 61 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALABAMA CENTRAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3601 4th Ave S BIRMINGHAM, AL 35222 |
| Phone: | (205) 510-1300 |
| Fax: | (205) 595-8078 |
| Website: | https://www.alabamacentral.org |
| Branches: | 9 branch locations |
| Members: | 17,135 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60712 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $203,911,371 |
| CEO/Manager: | Brad Haddock |
| Chairperson: | Kaitlyn Brown |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,370,989 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 58,280,836 |
| Unsecured Loans | 6,744,534 |
| Other Loans | 99,854,828 |
| TOTAL LOANS | 164,880,198 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -788,349 |
| Land And Building | 6,159,793 |
| Other Fixed Assets | 1,827,199 |
| NCUSIF Deposit | 1,759,764 |
| All Other Assets | 32,304 |
| TOTAL ASSETS | 203,911,371 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,063,270 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 36,680,560 |
| Regular shares | 110,824,400 |
| All Other Shares & Deposits | 41,487,700 |
| TOTAL SHARES & DEPOSITS | 188,992,660 |
| TOTAL LIABILITIES | 192,055,930 |
| Regular Reserve | 0 |
| Other Reserves | 7,770,105 |
| Undivided Earnings | 4,085,336 |
| TOTAL EQUITY | 11,855,441 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 203,911,371 |
| INCOME & EXPENSE | |
| Loan Income | 4,855,295 |
| Investment Income | 264,636 |
| Other Income | 853,302 |
| Total Employee Compensation & Benefits | 2,871,313 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,226,085 |
| Non-operating Income & (Expense) | -2 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 293,680 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,145,275 |
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