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SOCIAL SECURITY CREDIT UNION (SSCU)

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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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
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