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ALABAMA LAW ENFORCEMENT CREDIT UNION (ALLECU)

Mar, 31, 2022 — ALABAMA LAW ENFORCEMENT CREDIT UNION (ALLECU) is a federally insured state chartered credit union headquartered in BIRMINGHAM, AL with 1 branch location and about $18.35 million in total assets. Opened 83 years ago in 1939, ALABAMA LAW ENFORCEMENT CREDIT UNION (ALLECU) has about 1,770 members and employs 5 full and part-time employees 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:http://www.allecu.org
Branches:1 branch locations
Members:1,770
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:$18,349,720
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 5,502,215
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,328,491
 Other Loans 8,567,966
 TOTAL LOANS 10,896,457
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -278,366
 Land And Building 473,302
 Other Fixed Assets 31,870
 NCUSIF Deposit 141,795
 All Other Assets 0
  TOTAL ASSETS 18,349,720
LIABILITIES & CAPITAL:  
 Dividends Payable 57,710
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -369,475
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,316,283
 Regular shares 7,177,515
 All Other Shares & Deposits 8,582,840
  TOTAL SHARES & DEPOSITS 17,076,638
  TOTAL LIABILITIES 16,764,873
 Regular Reserve 0
 Other Reserves 176,000
 Undivided Earnings 1,408,847
  TOTAL EQUITY 1,584,847
  TOTAL LIABILITIES, SHARES, & EQUITY 18,349,720
INCOME & EXPENSE  
 Loan Income 214,118
 Investment Income 1,767
 Other Income 84,148
 Total Employee Compensation & Benefits 92,284
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 140,052
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 306,395
 Cost of Funds 55,918
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -281,465
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