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FEDERAL EMPLOYEES CREDIT UNION

Jun, 30, 2023 — FEDERAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in BIRMINGHAM, AL with 0 branch location and about $19.53 million in total assets. Opened 66 years ago in 1958, FEDERAL EMPLOYEES CREDIT UNION has about 1,731 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:https://www.federalempscu.com
Branches:0 branch locations
Members:1,731
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$19,526,885
CEO/Manager:Greg A Keller
Chairperson:Dolores Neal-Weeks

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,703,692
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,770,338
 Unsecured Loans 1,727,236
 Other Loans 6,266,387
 TOTAL LOANS 9,763,961
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -32,290
 Land And Building 0
 Other Fixed Assets 80,613
 NCUSIF Deposit 148,946
 All Other Assets 0
  TOTAL ASSETS 19,526,885
LIABILITIES & CAPITAL:  
 Dividends Payable 26,859
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 16,174
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,382,688
 Regular shares 7,519,321
 All Other Shares & Deposits 6,156,031
  TOTAL SHARES & DEPOSITS 16,058,040
  TOTAL LIABILITIES 16,101,073
 Regular Reserve 0
 Other Reserves 493,099
 Undivided Earnings 2,932,713
  TOTAL EQUITY 3,425,812
  TOTAL LIABILITIES, SHARES, & EQUITY 19,526,885
INCOME & EXPENSE  
 Loan Income 480,515
 Investment Income 65,236
 Other Income 78,784
 Total Employee Compensation & Benefits 248,805
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 285,293
 Non-operating Income & (Expense) 2,245
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,077
 Cost of Funds 56,080
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 31,525
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