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ALATRUST CREDIT UNION

Jun, 30, 2021 — ALATRUST CREDIT UNION is a federally insured state chartered credit union headquartered in HOOVER, AL with 6 branch locations and about $175.11 million in total assets. Opened 86 years ago in 1935, ALATRUST CREDIT UNION has about 12,055 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:www.alatrustcu.com
Branches:6 branch locations
Members:12,055
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:$175,112,811
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 28,787,057
TOTAL INVESTMENTS 60,045,532
Loans Held for Sale 0
 
 Real Estate Loans 32,316,017
 Unsecured Loans 7,629,175
 Other Loans 38,925,223
 TOTAL LOANS 78,870,415
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,496,467
 Land And Building 4,108,084
 Other Fixed Assets 309,647
 NCUSIF Deposit 1,334,040
 All Other Assets 3,154,503
  TOTAL ASSETS 175,112,811
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 868,244
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 27,123,230
 Regular shares 82,538,549
 All Other Shares & Deposits 43,865,052
  TOTAL SHARES & DEPOSITS 153,526,831
  TOTAL LIABILITIES 154,395,075
 Regular Reserve 18,582,225
 Other Reserves -431,732
 Undivided Earnings 2,567,243
  TOTAL EQUITY 20,717,736
  TOTAL LIABILITIES, SHARES, & EQUITY 175,112,811
INCOME & EXPENSE  
 Loan Income 1,994,408
 Investment Income 378,521
 Other Income 479,779
 Total Employee Compensation & Benefits 1,117,215
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,423,532
 Non-operating Income & (Expense) 372
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 242,780
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 485,303
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