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ALABAMA CREDIT UNION

Sep, 30, 2022 — ALABAMA CREDIT UNION is a federally insured state chartered credit union headquartered in TUSCALOOSA, AL with 36 branch locations and about $1.54 billion in total assets. Opened 67 years ago in 1956, ALABAMA CREDIT UNION has about 130,047 members and employs 341 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:https://www.alabamacu.com
Branches:36 branch locations
Members:130,047
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, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$1,540,313,367
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 35,550,929
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 553,283,706
 Unsecured Loans 48,573,248
 Other Loans 549,119,762
 TOTAL LOANS 1,150,976,716
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,851,086
 Land And Building 42,099,400
 Other Fixed Assets 3,291,825
 NCUSIF Deposit 11,982,347
 All Other Assets 711,682
  TOTAL ASSETS 1,540,313,367
LIABILITIES & CAPITAL:  
 Dividends Payable 67,209
 Notes & Interest Payable 49,000,000
 Accounts Payable & Other Liabilities 9,188,453
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 48,500,000
 Share Drafts 265,350,358
 Regular shares 549,639,150
 All Other Shares & Deposits 520,758,583
  TOTAL SHARES & DEPOSITS 1,335,748,091
  TOTAL LIABILITIES 1,442,503,753
 Regular Reserve 0
 Other Reserves -17,085,597
 Undivided Earnings 114,895,211
  TOTAL EQUITY 97,809,614
  TOTAL LIABILITIES, SHARES, & EQUITY 1,540,313,367
INCOME & EXPENSE  
 Loan Income 33,426,151
 Investment Income 4,134,637
 Other Income 17,307,930
 Total Employee Compensation & Benefits 16,716,865
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 20,207,569
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,514,805
 Cost of Funds 5,231,895
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 10,456,040
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