Dec, 31, 2023 — FORT MCCLELLAN CREDIT UNION is a federally insured state chartered credit union headquartered in ANNISTON, AL with 6 branch locations and about $234.16 million in total assets. Opened 71 years ago in 1953, FORT MCCLELLAN CREDIT UNION has about 15,766 members and employs 60 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FORT MCCLELLAN CREDIT UNION |
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Address: (Main Office) | 1010 Golden Springs Rd ANNISTON, AL 36207 |
Phone: | (256) 237-2113 |
Fax: | (256) 469-2017 |
Website: | https://fortmcclellancu.org |
Branches: | 6 branch locations |
Members: | 15,766 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61800 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $234,158,503 |
CEO/Manager: | Angela Smith |
Chairperson: | Van Roberts |
ASSETS: | $ Amount |
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Cash & Equivalents | 17,098,347 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 39,801,229 |
Unsecured Loans | 7,419,991 |
Other Loans | 54,895,497 |
TOTAL LOANS | 102,788,532 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -660,596 |
Land And Building | 13,466,020 |
Other Fixed Assets | 1,265,558 |
NCUSIF Deposit | 2,002,147 |
All Other Assets | 82,373 |
TOTAL ASSETS | 234,158,503 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 113,257 |
Notes & Interest Payable | 25,000,000 |
Accounts Payable & Other Liabilities | 1,873,225 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 29,529,055 |
Regular shares | 93,341,188 |
All Other Shares & Deposits | 67,818,908 |
TOTAL SHARES & DEPOSITS | 190,689,151 |
TOTAL LIABILITIES | 217,675,633 |
Regular Reserve | 0 |
Other Reserves | -13,170,029 |
Undivided Earnings | 29,652,899 |
TOTAL EQUITY | 16,482,870 |
TOTAL LIABILITIES, SHARES, & EQUITY | 234,158,503 |
INCOME & EXPENSE | |
Loan Income | 5,418,991 |
Investment Income | 2,600,053 |
Other Income | 1,139,571 |
Total Employee Compensation & Benefits | 3,654,355 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,958,207 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 135,227 |
Cost of Funds | 3,099,714 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -772,472 |
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