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ALABAMA RIVER CREDIT UNION

Mar, 31, 2022 — ALABAMA RIVER CREDIT UNION is a federally insured state chartered credit union headquartered in MONROEVILLE, AL with 1 branch location and about $24.09 million in total assets. Opened 42 years ago in 1980, ALABAMA RIVER CREDIT UNION has about 2,086 members and employs 6 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)
3365 S ALABAMA AVE
MONROEVILLE, AL 36460
Phone:(251) 575-2921
Fax:(251) 575-5271
Website:http://www.arivercu.com
Branches:1 branch locations
Members:2,086
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:Apr 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$24,091,327
CEO/Manager:SHARON B DOWNING
Chairperson:Johnny M House

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,197,582
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 738,458
 Other Loans 4,788,238
 TOTAL LOANS 5,526,696
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -61,728
 Land And Building 1,048,327
 Other Fixed Assets 114,590
 NCUSIF Deposit 191,432
 All Other Assets 0
  TOTAL ASSETS 24,091,327
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 23,141
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,085,815
 Regular shares 7,404,637
 All Other Shares & Deposits 10,410,555
  TOTAL SHARES & DEPOSITS 21,901,007
  TOTAL LIABILITIES 21,924,148
 Regular Reserve 0
 Other Reserves 474,651
 Undivided Earnings 1,692,528
  TOTAL EQUITY 2,167,179
  TOTAL LIABILITIES, SHARES, & EQUITY 24,091,327
INCOME & EXPENSE  
 Loan Income 74,596
 Investment Income 44,105
 Other Income 68,812
 Total Employee Compensation & Benefits 78,930
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 118,132
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 6,936
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -11,984
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