Dec, 31, 2023 — CHAMPION COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in COURTLAND, AL with 4 branch locations and about $49.66 million in total assets. Opened 53 years ago in 1971, CHAMPION COMMUNITY CREDIT UNION has about 3,267 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CHAMPION COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 16601 County Road 150 COURTLAND, AL 35618 |
| Phone: | (256) 637-6511 |
| Fax: | (256) 637-2787 |
| Website: | https://www.caecu.org/ |
| Branches: | 4 branch locations |
| Members: | 3,267 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63614 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $49,664,882 |
| CEO/Manager: | Regzey Carpenter |
| Chairperson: | Patrick Mason |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,493,483 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,712,777 |
| Unsecured Loans | 1,777,629 |
| Other Loans | 11,112,430 |
| TOTAL LOANS | 26,602,837 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -144,095 |
| Land And Building | 354,600 |
| Other Fixed Assets | 44,447 |
| NCUSIF Deposit | 449,182 |
| All Other Assets | 33,908 |
| TOTAL ASSETS | 49,664,882 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 85,135 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,814,482 |
| Regular shares | 13,658,351 |
| All Other Shares & Deposits | 23,326,742 |
| TOTAL SHARES & DEPOSITS | 42,799,575 |
| TOTAL LIABILITIES | 42,884,710 |
| Regular Reserve | 0 |
| Other Reserves | 614,754 |
| Undivided Earnings | 6,165,418 |
| TOTAL EQUITY | 6,780,172 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 49,664,882 |
| INCOME & EXPENSE | |
| Loan Income | 1,469,636 |
| Investment Income | 689,574 |
| Other Income | 182,610 |
| Total Employee Compensation & Benefits | 748,793 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 895,138 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 79,000 |
| Cost of Funds | 430,969 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 423,566 |
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