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 |
| 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 |
| ↑ Back to Top | |