Sep, 30, 2025 — ALABAMA CREDIT UNION is a federally insured state chartered credit union headquartered in TUSCALOOSA, AL with 39 branch locations and about $2.06 billion in total assets. Opened 70 years ago in 1956, ALABAMA CREDIT UNION has about 154,650 members and employs 398 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 CREDIT UNION |
|---|---|
| Address: (Main Office) | 909 Anna Ave TUSCALOOSA, AL 35401 |
| Phone: | (888) 817-2002 |
| Fax: | (205) 650-1020 |
| Website: | https://www.alabamacu.com |
| Branches: | 39 branch locations |
| Members: | 154,650 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60823 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,059,953,361 |
| CEO/Manager: | June R Landrum |
| Chairperson: | Ron Dulek |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 136,333,036 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 702,773,406 |
| Unsecured Loans | 110,545,433 |
| Other Loans | 775,228,382 |
| TOTAL LOANS | 1,594,413,511 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,362,558 |
| Land And Building | 58,256,999 |
| Other Fixed Assets | 4,305,814 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 16,005,893 |
| All Other Assets | 3,364,345 |
| TOTAL ASSETS | 2,059,953,361 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,111,423 |
| Notes & Interest Payable | 105,000,000 |
| Accounts Payable & Other Liabilities | 8,740,160 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 48,500,000 |
| Share Drafts | 262,624,800 |
| Regular shares | 436,275,417 |
| All Other Shares & Deposits | 1,059,908,747 |
| TOTAL SHARES & DEPOSITS | 1,758,808,964 |
| TOTAL LIABILITIES | 1,924,160,547 |
| Regular Reserve | 0 |
| Other Reserves | -4,199,476 |
| Undivided Earnings | 139,992,290 |
| TOTAL EQUITY | 135,792,814 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,059,953,361 |
| INCOME & EXPENSE | |
| Loan Income | 68,714,754 |
| Investment Income | 6,137,318 |
| Other Income | 17,236,053 |
| Total Employee Compensation & Benefits | 21,585,018 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 32,334,609 |
| Non-operating Income & (Expense) | 16,990,359 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,209,420 |
| Cost of Funds | 35,953,385 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,996,052 |
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