Dec, 31, 2023 — ALLIANCE CREDIT UNION is a federally insured state chartered credit union headquartered in FENTON, MO with 6 branch locations and about $390.25 million in total assets. Opened 76 years ago in 1948, ALLIANCE CREDIT UNION has about 22,195 members and employs 80 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALLIANCE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1280 S Highway Dr FENTON, MO 63026-1913 |
| Phone: | (636) 343-7005 |
| Fax: | (636) 343-4986 |
| Website: | https://alliancecu.com |
| Branches: | 6 branch locations |
| Members: | 22,195 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63789 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $390,251,723 |
| CEO/Manager: | Timothy F Stephens |
| Chairperson: | Ben J Hegvik |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,406,875 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 231,858,569 |
| Unsecured Loans | 3,785,523 |
| Other Loans | 110,956,684 |
| TOTAL LOANS | 346,600,775 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,538,610 |
| Land And Building | 11,709,924 |
| Other Fixed Assets | 809,764 |
| NCUSIF Deposit | 2,692,614 |
| All Other Assets | 5,725 |
| TOTAL ASSETS | 390,251,723 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 367,182 |
| Notes & Interest Payable | 49,296,100 |
| Accounts Payable & Other Liabilities | 4,636,425 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 55,013,921 |
| Regular shares | 80,096,230 |
| All Other Shares & Deposits | 160,559,272 |
| TOTAL SHARES & DEPOSITS | 295,669,423 |
| TOTAL LIABILITIES | 349,969,130 |
| Regular Reserve | 0 |
| Other Reserves | 5,221,358 |
| Undivided Earnings | 35,061,235 |
| TOTAL EQUITY | 40,282,593 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 390,251,723 |
| INCOME & EXPENSE | |
| Loan Income | 14,685,360 |
| Investment Income | 703,882 |
| Other Income | 3,771,889 |
| Total Employee Compensation & Benefits | 6,558,382 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,617,741 |
| Non-operating Income & (Expense) | -1,718 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 844,429 |
| Cost of Funds | 5,093,688 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,201,612 |
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