Sep, 30, 2025 — LAUDERDALE COUNTY TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in FLORENCE, AL with 2 branch locations and about $37.34 million in total assets. Opened 70 years ago in 1956, LAUDERDALE COUNTY TEACHERS CREDIT UNION has about 1,989 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: | LAUDERDALE COUNTY TEACHERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 103 Mangum St FLORENCE, AL 35630-1559 |
| Phone: | (256) 766-2936 |
| Fax: | (256) 766-2933 |
| Website: | https://www.lctcu.org |
| Branches: | 2 branch locations |
| Members: | 1,989 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61944 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $37,339,076 |
| CEO/Manager: | Sherry Fulks |
| Chairperson: | Robert A Trimm |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,763,818 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,847,553 |
| Unsecured Loans | 432,437 |
| Other Loans | 5,472,115 |
| TOTAL LOANS | 12,752,105 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -144,551 |
| Land And Building | 134,882 |
| Other Fixed Assets | 36,236 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 307,528 |
| All Other Assets | 0 |
| TOTAL ASSETS | 37,339,076 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 307,147 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,397,137 |
| Regular shares | 13,086,722 |
| All Other Shares & Deposits | 13,057,011 |
| TOTAL SHARES & DEPOSITS | 32,540,870 |
| TOTAL LIABILITIES | 32,848,017 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,491,059 |
| TOTAL EQUITY | 4,491,059 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 37,339,076 |
| INCOME & EXPENSE | |
| Loan Income | 514,265 |
| Investment Income | 630,826 |
| Other Income | 67,330 |
| Total Employee Compensation & Benefits | 307,552 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 309,239 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 273,398 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 345,142 |
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