Sep, 30, 2022 — CHEM FAMILY CREDIT UNION is a federally insured state chartered credit union headquartered in ANNISTON, AL with 1 branch location and about $7.37 million in total assets. Opened 95 years ago in 1928, CHEM FAMILY CREDIT UNION has about 241 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CHEM FAMILY CREDIT UNION |
|---|---|
| Address: (Main Office) | 702 Clydesdale Ave ANNISTON, AL 36201 |
| Phone: | (256) 237-0651 |
| Fax: | (256) 231-8553 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 241 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61055 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1928 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,366,209 |
| CEO/Manager: | Rhonda V Heifner |
| Chairperson: | Alan Rutherford |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 71,278 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 694,917 |
| Unsecured Loans | 42,238 |
| Other Loans | 235,515 |
| TOTAL LOANS | 972,670 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,000 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 62,190 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,366,209 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,805 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 6,219,778 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 6,219,778 |
| TOTAL LIABILITIES | 6,231,583 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,134,626 |
| TOTAL EQUITY | 1,134,626 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,366,209 |
| INCOME & EXPENSE | |
| Loan Income | 28,098 |
| Investment Income | 22,375 |
| Other Income | 1,154 |
| Total Employee Compensation & Benefits | 28,058 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 18,900 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 3,132 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,537 |
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