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.
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: | https://www.alabamacu.com |
Branches: | 36 branch locations |
Members: | 130,047 |
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, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,540,313,367 |
CEO/Manager: | Stephen K Swofford |
Chairperson: | Lynne April |
ASSETS: | $ Amount |
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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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