Dec, 31, 2023 — ALATRUST CREDIT UNION is a federally insured state chartered credit union headquartered in HOOVER, AL with 6 branch locations and about $199.34 million in total assets. Opened 89 years ago in 1935, ALATRUST CREDIT UNION has about 12,937 members and employs 40 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: | 12,937 |
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, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $199,335,118 |
CEO/Manager: | Steve Nix |
Chairperson: | Bascom Woodward |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 18,337,029 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 42,549,722 |
Unsecured Loans | 9,642,819 |
Other Loans | 59,244,280 |
TOTAL LOANS | 111,436,821 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,162,714 |
Land And Building | 4,352,767 |
Other Fixed Assets | 233,631 |
NCUSIF Deposit | 1,607,536 |
All Other Assets | 0 |
TOTAL ASSETS | 199,335,118 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 10,000,000 |
Accounts Payable & Other Liabilities | 1,410,119 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 29,316,111 |
Regular shares | 84,578,525 |
All Other Shares & Deposits | 57,804,041 |
TOTAL SHARES & DEPOSITS | 171,698,675 |
TOTAL LIABILITIES | 183,108,794 |
Regular Reserve | 0 |
Other Reserves | -10,043,946 |
Undivided Earnings | 26,270,270 |
TOTAL EQUITY | 16,226,324 |
TOTAL LIABILITIES, SHARES, & EQUITY | 199,335,118 |
INCOME & EXPENSE | |
Loan Income | 6,262,631 |
Investment Income | 1,714,027 |
Other Income | 1,129,721 |
Total Employee Compensation & Benefits | 2,650,553 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,176,900 |
Non-operating Income & (Expense) | 18,169 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 405,000 |
Cost of Funds | 1,800,678 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,904,764 |
↑ Back to Top |