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FEDERAL EMPLOYEES CREDIT UNION

Jun, 30, 2021 — FEDERAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in BIRMINGHAM, AL with 0 branch location and about $19.77 million in total assets. Opened 63 years ago in 1958, FEDERAL EMPLOYEES CREDIT UNION has about 1,701 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:FEDERAL EMPLOYEES CREDIT UNION
Address:
(Main Office)
1509 4TH AVE S
BIRMINGHAM, AL 35233-1612
Phone:(205) 322-4026
Fax:(205) 322-9908
Website:http://www.federalempscu.com
Branches:0 branch locations
Members:1,701
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62599
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1958
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$19,766,769
CEO/Manager:Greg A Keller
Chairperson:Charles Griffin

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,039,252
TOTAL INVESTMENTS 8,921,802
Loans Held for Sale 0
 
 Real Estate Loans 1,682,849
 Unsecured Loans 1,556,333
 Other Loans 6,360,214
 TOTAL LOANS 9,599,396
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -48,718
 Land And Building 0
 Other Fixed Assets 16,508
 NCUSIF Deposit 150,661
 All Other Assets 87,868
  TOTAL ASSETS 19,766,769
LIABILITIES & CAPITAL:  
 Dividends Payable 38,152
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 15,623
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,333,411
 Regular shares 7,630,442
 All Other Shares & Deposits 6,389,815
  TOTAL SHARES & DEPOSITS 16,353,668
  TOTAL LIABILITIES 16,407,443
 Regular Reserve 427,430
 Other Reserves 65,669
 Undivided Earnings 2,866,227
  TOTAL EQUITY 3,359,326
  TOTAL LIABILITIES, SHARES, & EQUITY 19,766,769
INCOME & EXPENSE  
 Loan Income 312,253
 Investment Income 51,988
 Other Income 38,121
 Total Employee Compensation & Benefits 159,462
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 188,259
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -16,654
 Cost of Funds 50,035
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 21,260
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