Mar, 31, 2022 — APCO EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in BIRMINGHAM, AL with 20 branch locations and about $3.71 billion in total assets. Opened 69 years ago in 1953, APCO EMPLOYEES CREDIT UNION has about 72,306 members and employs 133 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | APCO EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 750 17th St N BIRMINGHAM, AL 35203 |
| Phone: | (205) 226-6800 |
| Fax: | (205) 226-6850 |
| Website: | http://www.apcocu.org |
| Branches: | 20 branch locations |
| Members: | 72,306 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62728 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,711,456,898 |
| CEO/Manager: | Derrick E Ragland |
| Chairperson: | Mark Wilkinson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 183,868,365 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 551,526,535 |
| Unsecured Loans | 44,566,486 |
| Other Loans | 156,850,046 |
| TOTAL LOANS | 752,943,067 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,508,615 |
| Land And Building | 23,493,752 |
| Other Fixed Assets | 2,255,115 |
| NCUSIF Deposit | 28,350,210 |
| All Other Assets | 95,566 |
| TOTAL ASSETS | 3,711,456,898 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,003 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 23,023,888 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 246,542,187 |
| Regular shares | 2,443,538,437 |
| All Other Shares & Deposits | 722,985,350 |
| TOTAL SHARES & DEPOSITS | 3,413,065,974 |
| TOTAL LIABILITIES | 3,436,094,865 |
| Regular Reserve | 0 |
| Other Reserves | 249,440,193 |
| Undivided Earnings | 25,921,840 |
| TOTAL EQUITY | 275,362,033 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,711,456,898 |
| INCOME & EXPENSE | |
| Loan Income | 7,168,622 |
| Investment Income | 10,085,278 |
| Other Income | 602,483 |
| Total Employee Compensation & Benefits | 3,457,356 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,219,876 |
| Non-operating Income & (Expense) | 12,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 7,735,949 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,921,840 |
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