Dec, 31, 2023 — APCO EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in BIRMINGHAM, AL with 28 branch locations and about $3.50 billion in total assets. Opened 71 years ago in 1953, APCO EMPLOYEES CREDIT UNION has about 86,761 members and employs 169 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: | 28 branch locations |
| Members: | 86,761 |
| 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, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,501,472,069 |
| CEO/Manager: | Derrick E Ragland |
| Chairperson: | Mark Wilkinson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 182,755,916 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 636,519,556 |
| Unsecured Loans | 57,574,772 |
| Other Loans | 227,129,409 |
| TOTAL LOANS | 921,223,737 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,967,043 |
| Land And Building | 23,776,349 |
| Other Fixed Assets | 2,551,887 |
| NCUSIF Deposit | 27,023,241 |
| All Other Assets | 34,901 |
| TOTAL ASSETS | 3,501,472,069 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 45,473 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 23,765,738 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 261,345,895 |
| Regular shares | 1,579,603,043 |
| All Other Shares & Deposits | 1,423,303,073 |
| TOTAL SHARES & DEPOSITS | 3,264,252,011 |
| TOTAL LIABILITIES | 3,288,093,222 |
| Regular Reserve | 0 |
| Other Reserves | 193,378,847 |
| Undivided Earnings | 20,000,000 |
| TOTAL EQUITY | 213,378,847 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,501,472,069 |
| INCOME & EXPENSE | |
| Loan Income | 37,457,397 |
| Investment Income | 72,524,754 |
| Other Income | 2,667,188 |
| Total Employee Compensation & Benefits | 17,533,136 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 12,495,649 |
| Non-operating Income & (Expense) | 127,663 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 449,351 |
| Cost of Funds | 70,520,560 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 17,348,541 |
| ↑ Back to Top | |