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 |
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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 |
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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 |
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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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