Jun, 30, 2024 — ALABAMA LAW ENFORCEMENT CREDIT UNION (ALLECU) is a federally insured state chartered credit union headquartered in BIRMINGHAM, AL with 1 branch location and about $15.61 million in total assets. Opened 86 years ago in 1939, ALABAMA LAW ENFORCEMENT CREDIT UNION (ALLECU) has about 1,786 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ALABAMA LAW ENFORCEMENT CREDIT UNION |
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Address: (Main Office) | 3712 4th Ave S BIRMINGHAM, AL 35222-2420 |
Phone: | (205) 583-4632 |
Fax: | (205) 583-4131 |
Website: | https://www.allecu.org |
Branches: | 1 branch locations |
Members: | 1,786 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64603 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $15,605,287 |
CEO/Manager: | Haley Campbell |
Chairperson: | Michael Culberson |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,465,099 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,445,937 |
Other Loans | 8,759,585 |
TOTAL LOANS | 11,205,522 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -286,479 |
Land And Building | 470,502 |
Other Fixed Assets | 1,616 |
NCUSIF Deposit | 146,162 |
All Other Assets | 0 |
TOTAL ASSETS | 15,605,287 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 77,347 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -306,826 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,139,018 |
Regular shares | 6,784,811 |
All Other Shares & Deposits | 6,135,756 |
TOTAL SHARES & DEPOSITS | 14,059,585 |
TOTAL LIABILITIES | 13,830,106 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,775,181 |
TOTAL EQUITY | 1,775,181 |
TOTAL LIABILITIES, SHARES, & EQUITY | 15,605,287 |
INCOME & EXPENSE | |
Loan Income | 676,847 |
Investment Income | 9,947 |
Other Income | 281,231 |
Total Employee Compensation & Benefits | 198,269 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 435,305 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 315,248 |
Cost of Funds | 164,516 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -91,131 |
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