Sep, 30, 2022 — AOD FEDERAL CREDIT UNION is a federal credit union headquartered in OXFORD, AL with 7 branch locations and about $425.37 million in total assets. Opened 73 years ago in 1950, AOD FEDERAL CREDIT UNION has about 37,066 members and employs 81 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AOD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 12 Elm St OXFORD, AL 36203 |
| Phone: | (256) 237-9494 |
| Fax: | (256) 237-3285 |
| Website: | https://www.aodfcu.com |
| Branches: | 7 branch locations |
| Members: | 37,066 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6680 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $425,370,082 |
| CEO/Manager: | Virginia Bowen |
| Chairperson: | Bobby Israel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,954,000 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 93,156,025 |
| Unsecured Loans | 21,952,025 |
| Other Loans | 92,330,547 |
| TOTAL LOANS | 207,438,597 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,456,369 |
| Land And Building | 10,179,045 |
| Other Fixed Assets | 280,809 |
| NCUSIF Deposit | 3,694,223 |
| All Other Assets | 133,676 |
| TOTAL ASSETS | 425,370,082 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 32,472 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,695,605 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 67,266,143 |
| Regular shares | 251,003,322 |
| All Other Shares & Deposits | 68,197,373 |
| TOTAL SHARES & DEPOSITS | 386,466,838 |
| TOTAL LIABILITIES | 389,194,915 |
| Regular Reserve | 0 |
| Other Reserves | -16,744,254 |
| Undivided Earnings | 52,919,421 |
| TOTAL EQUITY | 36,175,167 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 425,370,082 |
| INCOME & EXPENSE | |
| Loan Income | 5,591,078 |
| Investment Income | 2,199,956 |
| Other Income | 2,708,147 |
| Total Employee Compensation & Benefits | 4,034,127 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,080,310 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 505,397 |
| Cost of Funds | 891,649 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,618,304 |
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