Sep, 30, 2022 — ALABAMA TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in GADSDEN, AL with 6 branch locations and about $488.14 million in total assets. Opened 64 years ago in 1959, ALABAMA TEACHERS CREDIT UNION has about 30,877 members and employs 90 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 TEACHERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 702 Walnut St GADSDEN, AL 35901 |
| Phone: | (256) 543-7040 |
| Fax: | (256) 439-3699 |
| Website: | https://atcu.com |
| Branches: | 6 branch locations |
| Members: | 30,877 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67252 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $488,141,684 |
| CEO/Manager: | Ron Summerall Summerall |
| Chairperson: | Martha Lavender |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 28,560,697 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 198,827,641 |
| Unsecured Loans | 20,621,226 |
| Other Loans | 144,240,997 |
| TOTAL LOANS | 363,875,696 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,814,214 |
| Land And Building | 8,232,003 |
| Other Fixed Assets | 632,950 |
| NCUSIF Deposit | 3,883,231 |
| All Other Assets | 0 |
| TOTAL ASSETS | 488,141,684 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 64,093 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,954,443 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 125,316,940 |
| Regular shares | 165,846,093 |
| All Other Shares & Deposits | 145,575,828 |
| TOTAL SHARES & DEPOSITS | 436,738,861 |
| TOTAL LIABILITIES | 446,757,397 |
| Regular Reserve | 0 |
| Other Reserves | 39,553,082 |
| Undivided Earnings | 1,831,205 |
| TOTAL EQUITY | 41,384,287 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 488,141,684 |
| INCOME & EXPENSE | |
| Loan Income | 10,078,899 |
| Investment Income | 1,430,766 |
| Other Income | 2,591,746 |
| Total Employee Compensation & Benefits | 5,478,813 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,657,035 |
| Non-operating Income & (Expense) | 104,195 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 519,500 |
| Cost of Funds | 1,680,297 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,666,713 |
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