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ALABAMA TEACHERS CREDIT UNION

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.


ABA Routing Number: 262284431
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

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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