Mar, 31, 2021 — ALATRUST CREDIT UNION is a federally insured state chartered credit union headquartered in HOOVER, AL with 6 branch locations and about $170.81 million in total assets. Opened 86 years ago in 1935, ALATRUST CREDIT UNION has about 11,915 members and employs 36 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: | http://www.alatrustcu.com |
| Branches: | 6 branch locations |
| Members: | 11,915 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $170,810,808 |
| CEO/Manager: | Steve Nix |
| Chairperson: | Bascom Woodward |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 31,618,501 |
| TOTAL INVESTMENTS | 56,044,125 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 32,573,442 |
| Unsecured Loans | 7,618,832 |
| Other Loans | 35,534,264 |
| TOTAL LOANS | 75,726,538 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,486,952 |
| Land And Building | 4,072,591 |
| Other Fixed Assets | 319,139 |
| NCUSIF Deposit | 1,334,040 |
| All Other Assets | 3,182,826 |
| TOTAL ASSETS | 170,810,808 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 793,863 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 28,392,389 |
| Regular shares | 80,763,807 |
| All Other Shares & Deposits | 40,775,812 |
| TOTAL SHARES & DEPOSITS | 149,932,008 |
| TOTAL LIABILITIES | 150,725,871 |
| Regular Reserve | 18,345,779 |
| Other Reserves | -828,085 |
| Undivided Earnings | 2,567,243 |
| TOTAL EQUITY | 20,084,937 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 170,810,808 |
| INCOME & EXPENSE | |
| Loan Income | 996,750 |
| Investment Income | 166,980 |
| Other Income | 234,038 |
| Total Employee Compensation & Benefits | 581,099 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 651,351 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 120,906 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 248,858 |
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