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.
Name: | ALABAMA CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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