Sep, 30, 2022 — APCO EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in BIRMINGHAM, AL with 20 branch locations and about $3.51 billion in total assets. Opened 70 years ago in 1953, APCO EMPLOYEES CREDIT UNION has about 73,138 members and employs 130 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: | https://www.apcocu.org |
| Branches: | 20 branch locations |
| Members: | 73,138 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,508,009,774 |
| CEO/Manager: | Derrick E Ragland |
| Chairperson: | Mark Wilkinson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 153,133,880 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 572,112,349 |
| Unsecured Loans | 47,066,026 |
| Other Loans | 174,697,689 |
| TOTAL LOANS | 793,876,064 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,312,033 |
| Land And Building | 23,800,036 |
| Other Fixed Assets | 2,506,110 |
| NCUSIF Deposit | 29,157,688 |
| All Other Assets | 58,076 |
| TOTAL ASSETS | 3,508,009,774 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,375 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 25,523,463 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 225,942,165 |
| Regular shares | 2,315,151,625 |
| All Other Shares & Deposits | 807,752,979 |
| TOTAL SHARES & DEPOSITS | 3,348,846,769 |
| TOTAL LIABILITIES | 3,374,375,607 |
| Regular Reserve | 0 |
| Other Reserves | 94,371,910 |
| Undivided Earnings | 39,262,257 |
| TOTAL EQUITY | 133,634,167 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,508,009,774 |
| INCOME & EXPENSE | |
| Loan Income | 22,157,815 |
| Investment Income | 35,940,271 |
| Other Income | 1,919,740 |
| Total Employee Compensation & Benefits | 10,568,931 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,708,694 |
| 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 | 27,015,862 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 19,262,257 |
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