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ALABAMA STATE EMPLOYEES CREDIT UNION (ASECU)

Sep, 30, 2022 — ALABAMA STATE EMPLOYEES CREDIT UNION (ASECU) is a federally insured state chartered credit union headquartered in MONTGOMERY, AL with 9 branch locations and about $429.85 million in total assets. Opened 69 years ago in 1954, ALABAMA STATE EMPLOYEES CREDIT UNION (ASECU) has about 44,403 members and employs 115 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 262276397
Name:ALABAMA STATE EMPLOYEES CREDIT UNION
Address:
(Main Office)
4217 Lomac St
MONTGOMERY, AL 36106
Phone:(334) 420-7466
Fax:
Website:https://www.yourasecu.com
Branches:9 branch locations
Members:44,403
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:64598
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1954
Last Audited:Dec 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$429,850,708
CEO/Manager:David J Dean
Chairperson:Carol J Preston

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 72,035,353
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 42,616,070
 Unsecured Loans 21,426,901
 Other Loans 196,047,941
 TOTAL LOANS 260,090,912
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,932,468
 Land And Building 8,507,280
 Other Fixed Assets 1,322,159
 NCUSIF Deposit 3,842,340
 All Other Assets 265,200
  TOTAL ASSETS 429,850,708
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,075,450
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 82,697,420
 Regular shares 177,422,334
 All Other Shares & Deposits 135,765,926
  TOTAL SHARES & DEPOSITS 395,885,680
  TOTAL LIABILITIES 397,961,130
 Regular Reserve 0
 Other Reserves -720,147
 Undivided Earnings 32,609,725
  TOTAL EQUITY 31,889,578
  TOTAL LIABILITIES, SHARES, & EQUITY 429,850,708
INCOME & EXPENSE  
 Loan Income 9,450,086
 Investment Income 1,580,746
 Other Income 3,138,718
 Total Employee Compensation & Benefits 6,565,043
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,967,557
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 696,885
 Cost of Funds 1,082,160
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,381,888
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