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ALABAMA RIVER CREDIT UNION

Dec, 31, 2020 — ALABAMA RIVER CREDIT UNION is a federally insured state chartered credit union headquartered in MONROEVILLE, AL with 1 branch location and about $21.51 million in total assets. Opened 41 years ago in 1980, ALABAMA RIVER CREDIT UNION has about 2,089 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 RIVER CREDIT UNION
Address:
(Main Office)
PO BOX 907
MONROEVILLE, AL 36461
Phone:(251) 575-2921
Fax:(251) 575-5271
Website:http://www.arivercu.com
Branches:1 branch locations
Members:2,089
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:65402
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1980
Last Audited:Aug 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$21,514,773
CEO/Manager:SHARON B DOWNING
Chairperson:Johnny M House

Call Report

  • Overdraft Lines of Credit
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,171,226
TOTAL INVESTMENTS 10,838,431
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 767,860
 Other Loans 5,414,732
 TOTAL LOANS 6,182,592
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -42,655
 Land And Building 1,066,388
 Other Fixed Assets 67,326
 NCUSIF Deposit 157,609
 All Other Assets 73,856
  TOTAL ASSETS 21,514,773
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 18,320
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,751,399
 Regular shares 5,236,739
 All Other Shares & Deposits 10,342,536
  TOTAL SHARES & DEPOSITS 19,330,674
  TOTAL LIABILITIES 19,348,994
 Regular Reserve 474,651
 Other Reserves 0
 Undivided Earnings 1,691,128
  TOTAL EQUITY 2,165,779
  TOTAL LIABILITIES, SHARES, & EQUITY 21,514,773
INCOME & EXPENSE  
 Loan Income 314,499
 Investment Income 201,292
 Other Income 259,472
 Total Employee Compensation & Benefits 346,930
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 387,646
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 10,000
 Cost of Funds 29,735
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 952
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