Dec, 31, 2023 — CHEMCO CREDIT UNION is a federally insured state chartered credit union headquartered in MC INTOSH, AL with 1 branch location and about $5.08 million in total assets. Opened 71 years ago in 1953, CHEMCO CREDIT UNION has about 411 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CHEMCO CREDIT UNION |
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Address: (Main Office) | 1638 INDUSTRIAL Rd MC INTOSH, AL 36553-6609 |
Phone: | (251) 944-3297 |
Fax: | (251) 944-3212 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 411 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61277 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,076,745 |
CEO/Manager: | Rhonda Goldman |
Chairperson: | SEAN WORK |
ASSETS: | $ Amount |
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Cash & Equivalents | 539,078 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 411,361 |
Other Loans | 3,186,451 |
TOTAL LOANS | 3,597,812 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,065 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 49,895 |
All Other Assets | 0 |
TOTAL ASSETS | 5,076,745 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 12,309 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 410,789 |
Regular shares | 3,799,478 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 4,210,266 |
TOTAL LIABILITIES | 4,222,575 |
Regular Reserve | 0 |
Other Reserves | 298,598 |
Undivided Earnings | 555,572 |
TOTAL EQUITY | 854,170 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,076,745 |
INCOME & EXPENSE | |
Loan Income | 160,776 |
Investment Income | 64,543 |
Other Income | 21,384 |
Total Employee Compensation & Benefits | 94,101 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 78,223 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,014 |
Cost of Funds | 28,605 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 41,760 |
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