Jun, 30, 2024 — ALEXANDRIA MUNICIPAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in ALEXANDRIA, LA with 1 branch location and about $28.85 million in total assets. Opened 73 years ago in 1951, ALEXANDRIA MUNICIPAL EMPLOYEES CREDIT UNION has about 1,849 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: | 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: | 1,849 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $28,849,756 |
| CEO/Manager: | Janet M McDaniel |
| Chairperson: | JIM B ATKINS, JR |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 869,450 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,271,127 |
| Unsecured Loans | 2,352,944 |
| Other Loans | 11,115,526 |
| TOTAL LOANS | 15,739,597 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -117,173 |
| Land And Building | 146,346 |
| Other Fixed Assets | 74,163 |
| NCUSIF Deposit | 244,688 |
| All Other Assets | 0 |
| TOTAL ASSETS | 28,849,756 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 47,407 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,023,135 |
| Regular shares | 14,226,367 |
| All Other Shares & Deposits | 7,628,586 |
| TOTAL SHARES & DEPOSITS | 24,878,088 |
| TOTAL LIABILITIES | 24,925,495 |
| Regular Reserve | 0 |
| Other Reserves | 683,012 |
| Undivided Earnings | 3,241,249 |
| TOTAL EQUITY | 3,924,261 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,849,756 |
| INCOME & EXPENSE | |
| Loan Income | 619,875 |
| Investment Income | 164,810 |
| Other Income | 42,481 |
| Total Employee Compensation & Benefits | 335,262 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 364,056 |
| Non-operating Income & (Expense) | 25,959 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,584 |
| Cost of Funds | 109,086 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 142,312 |
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