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ALATRUST CREDIT UNION

Sep, 30, 2022 — ALATRUST CREDIT UNION is a federally insured state chartered credit union headquartered in HOOVER, AL with 6 branch locations and about $185.01 million in total assets. Opened 88 years ago in 1935, ALATRUST CREDIT UNION has about 12,323 members and employs 41 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:www.alatrustcu.com
Branches:6 branch locations
Members:12,323
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:Dec 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$185,006,747
CEO/Manager:Steve Nix
Chairperson:Bascom Woodward

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,934,090
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 37,604,992
 Unsecured Loans 11,357,832
 Other Loans 56,811,544
 TOTAL LOANS 105,774,368
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,151,473
 Land And Building 4,046,522
 Other Fixed Assets 197,306
 NCUSIF Deposit 1,601,802
 All Other Assets 2,575
  TOTAL ASSETS 185,006,747
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 956,391
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 33,876,036
 Regular shares 87,750,838
 All Other Shares & Deposits 48,410,176
  TOTAL SHARES & DEPOSITS 170,037,050
  TOTAL LIABILITIES 170,993,441
 Regular Reserve 0
 Other Reserves -9,731,595
 Undivided Earnings 23,744,901
  TOTAL EQUITY 14,013,306
  TOTAL LIABILITIES, SHARES, & EQUITY 185,006,747
INCOME & EXPENSE  
 Loan Income 3,508,088
 Investment Income 1,002,670
 Other Income 874,699
 Total Employee Compensation & Benefits 1,721,618
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,129,684
 Non-operating Income & (Expense) 24,494
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 368,883
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,842,051
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