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ALABAMA LAW ENFORCEMENT CREDIT UNION (ALLECU)

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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