Sep, 30, 2025 — ALATRUST CREDIT UNION is a federally insured state chartered credit union headquartered in HOOVER, AL with 6 branch locations and about $210.74 million in total assets. Opened 91 years ago in 1935, ALATRUST CREDIT UNION has about 13,306 members and employs 38 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALATRUST CREDIT UNION |
|---|---|
| Address: (Main Office) | 1810 Merchants Dr HOOVER, AL 35244-1005 |
| Phone: | (205) 581-8800 |
| Fax: | (205) 581-8816 |
| Website: | https://www.alatrustcu.com |
| Branches: | 6 branch locations |
| Members: | 13,306 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60934 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $210,735,256 |
| CEO/Manager: | Steve Nix |
| Chairperson: | Donald Duck |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,574,661 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 50,460,215 |
| Unsecured Loans | 7,832,700 |
| Other Loans | 61,199,612 |
| TOTAL LOANS | 119,492,526 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,319,935 |
| Land And Building | 4,117,205 |
| Other Fixed Assets | 174,970 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,688,386 |
| All Other Assets | 18,900 |
| TOTAL ASSETS | 210,735,256 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 12,842 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,281,646 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 30,237,745 |
| Regular shares | 79,967,137 |
| All Other Shares & Deposits | 75,959,308 |
| TOTAL SHARES & DEPOSITS | 186,164,189 |
| TOTAL LIABILITIES | 187,458,677 |
| Regular Reserve | 0 |
| Other Reserves | -5,652,079 |
| Undivided Earnings | 28,928,658 |
| TOTAL EQUITY | 23,276,579 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 210,735,256 |
| INCOME & EXPENSE | |
| Loan Income | 5,510,852 |
| Investment Income | 1,873,145 |
| Other Income | 794,800 |
| Total Employee Compensation & Benefits | 2,126,568 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,764,381 |
| Non-operating Income & (Expense) | 1,818 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 450,000 |
| Cost of Funds | 1,989,736 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,496,000 |
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