Credit Unions Near Me
National Credit Union Service Organization

SOCIAL SECURITY CREDIT UNION (SSCU)

Jun, 30, 2023 — 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 77 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
↑ Back to Top

Other Credit Unions

NRS COMMUNITY DEVELOPMENT FEDERAL CREDIT UNION
7400 LONDON AVE
BIRMINGHAM, AL 35206
O'NEAL CREDIT UNION
744 41st St N
BIRMINGHAM, AL 35222
ALABAMA POSTAL CREDIT UNION
351 24th St N
BIRMINGHAM, AL 35203-3836
BIRMINGHAM CITY CREDIT UNION
2725 35th Ave N
BIRMINGHAM, AL 35207-2839
FIREMAN'S CREDIT UNION
1808 7th Ave N
BIRMINGHAM, AL 35203-2201
S R I EMPLOYEES FEDERAL CREDIT UNION
1117 22nd St S
BIRMINGHAM, AL 35205-2813
FEDERAL EMPLOYEES CREDIT UNION
1509 4th Ave S
BIRMINGHAM, AL 35233-1612
HEALTH CREDIT UNION
1400 6TH Ave S
BIRMINGHAM, AL 35233
ALABAMA LAW ENFORCEMENT CREDIT UNION
3712 4th Ave S
BIRMINGHAM, AL 35222-2420
ACIPCO FEDERAL CREDIT UNION
1501 31st Ave N
BIRMINGHAM, AL 35207

— The information found on this website is provided “AS IS”. We do not verify or guarantee its accuracy or validity. Please contact the credit union directly for any specific questions you may have regarding services and/or features. Visit NCUA.gov or MyCreditUnion.gov for more information regarding credit unions.