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ALEXANDRIA MUNICIPAL EMPLOYEES CREDIT UNION

Dec, 31, 2023 — ALEXANDRIA MUNICIPAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in ALEXANDRIA, LA with 1 branch location and about $29.92 million in total assets. Opened 73 years ago in 1951, ALEXANDRIA MUNICIPAL EMPLOYEES CREDIT UNION has about 1,858 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ALEXANDRIA MUNICIPAL EMPLOYEES CREDIT UNION
Address:
(Main Office)
1032 Wisteria St
ALEXANDRIA, LA 71301-6859
Phone:(318) 445-5696
Fax:(318) 445-2083
Website:https://www.amecu.org
Branches:1 branch locations
Members:1,858
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62438
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1951
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$29,919,117
CEO/Manager:Janet M McDaniel
Chairperson:JIM B ATKINS, JR

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,277,403
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,183,812
 Unsecured Loans 2,589,114
 Other Loans 12,838,171
 TOTAL LOANS 17,611,097
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -106,199
 Land And Building 146,346
 Other Fixed Assets 55,192
 NCUSIF Deposit 249,641
 All Other Assets 0
  TOTAL ASSETS 29,919,117
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 19,715
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,342,024
 Regular shares 12,022,595
 All Other Shares & Deposits 10,436,909
  TOTAL SHARES & DEPOSITS 25,801,528
  TOTAL LIABILITIES 25,821,243
 Regular Reserve 0
 Other Reserves 683,012
 Undivided Earnings 3,414,862
  TOTAL EQUITY 4,097,874
  TOTAL LIABILITIES, SHARES, & EQUITY 29,919,117
INCOME & EXPENSE  
 Loan Income 953,842
 Investment Income 198,440
 Other Income 58,189
 Total Employee Compensation & Benefits 450,523
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 507,144
 Non-operating Income & (Expense) 10,836
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,400
 Cost of Funds 268,338
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 143,500
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