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ALABAMA CREDIT UNION

Mar, 31, 2022 — ALABAMA CREDIT UNION is a federally insured state chartered credit union headquartered in TUSCALOOSA, AL with 36 branch locations and about $1.44 billion in total assets. Opened 66 years ago in 1956, ALABAMA CREDIT UNION has about 119,069 members and employs 333 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: 262277419
Name:ALABAMA CREDIT UNION
Address:
(Main Office)
909 Anna Ave
TUSCALOOSA, AL 35401
Phone:(888) 817-2002
Fax:(205) 650-1020
Website:http://www.alabamacu.com
Branches:36 branch locations
Members:119,069
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$1,444,395,345
CEO/Manager:Stephen K Swofford
Chairperson:Lynne April

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 120,694,633
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 414,450,430
 Unsecured Loans 40,786,087
 Other Loans 457,468,627
 TOTAL LOANS 912,705,144
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,150,232
 Land And Building 38,415,313
 Other Fixed Assets 2,854,452
 NCUSIF Deposit 11,285,425
 All Other Assets 885,149
  TOTAL ASSETS 1,444,395,345
LIABILITIES & CAPITAL:  
 Dividends Payable 45,260
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,498,132
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 30,000,000
 Share Drafts 251,113,106
 Regular shares 542,625,570
 All Other Shares & Deposits 506,932,787
  TOTAL SHARES & DEPOSITS 1,300,671,463
  TOTAL LIABILITIES 1,338,214,855
 Regular Reserve 0
 Other Reserves -2,222,606
 Undivided Earnings 108,403,096
  TOTAL EQUITY 106,180,490
  TOTAL LIABILITIES, SHARES, & EQUITY 1,444,395,345
INCOME & EXPENSE  
 Loan Income 9,666,211
 Investment Income 1,208,278
 Other Income 5,920,479
 Total Employee Compensation & Benefits 5,390,950
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,468,906
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 625,700
 Cost of Funds 1,582,175
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,963,925
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