Jun, 30, 2024 — SOCIAL SECURITY CREDIT UNION (SSCU) is a federally insured state chartered credit union headquartered in BIRMINGHAM, AL with 1 branch location and about $35.68 million in total assets. Opened 78 years ago in 1947, SOCIAL SECURITY CREDIT UNION (SSCU) has about 3,042 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SOCIAL SECURITY CREDIT UNION |
---|---|
Address: (Main Office) | 1200 Reverend Abraham Woods Jr Blvd BIRMINGHAM, AL 35285 |
Phone: | (205) 323-7028 |
Fax: | (205) 323-0117 |
Website: | https://www.ssacu.com/ |
Branches: | 1 branch locations |
Members: | 3,042 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61391 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1947 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $35,678,699 |
CEO/Manager: | Angelic Pritchett |
Chairperson: | Henry L Williams |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 4,599,264 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,087,756 |
Unsecured Loans | 2,132,067 |
Other Loans | 7,483,606 |
TOTAL LOANS | 13,703,429 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -50,425 |
Land And Building | 0 |
Other Fixed Assets | 57,653 |
NCUSIF Deposit | 289,444 |
All Other Assets | 9,856 |
TOTAL ASSETS | 35,678,699 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 764 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 103,439 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,234,232 |
Regular shares | 18,608,393 |
All Other Shares & Deposits | 3,784,316 |
TOTAL SHARES & DEPOSITS | 28,626,941 |
TOTAL LIABILITIES | 28,731,144 |
Regular Reserve | 0 |
Other Reserves | 2,889,144 |
Undivided Earnings | 4,058,411 |
TOTAL EQUITY | 6,947,555 |
TOTAL LIABILITIES, SHARES, & EQUITY | 35,678,699 |
INCOME & EXPENSE | |
Loan Income | 560,032 |
Investment Income | 132,561 |
Other Income | 180,657 |
Total Employee Compensation & Benefits | 390,499 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 432,375 |
Non-operating Income & (Expense) | 99,108 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,200 |
Cost of Funds | 14,845 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 120,439 |
↑ Back to Top |