Sep, 30, 2025 — AZALEA CITY CREDIT UNION is a federally insured state chartered credit union headquartered in MOBILE, AL with 5 branch locations and about $45.14 million in total assets. Opened 72 years ago in 1954, AZALEA CITY CREDIT UNION has about 4,562 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AZALEA CITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 5662 Cottage Hill Rd MOBILE, AL 36609 |
| Phone: | (251) 316-0000 |
| Fax: | (251) 316-0003 |
| Website: | https://www.azaleacitycu.com |
| Branches: | 5 branch locations |
| Members: | 4,562 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68224 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $45,140,082 |
| CEO/Manager: | Olabode Anise |
| Chairperson: | JERRY BYRD |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,654,693 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,035,534 |
| Unsecured Loans | 1,712,586 |
| Other Loans | 16,280,443 |
| TOTAL LOANS | 22,028,563 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -545,436 |
| Land And Building | 2,369,519 |
| Other Fixed Assets | 279 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 342,797 |
| All Other Assets | 163,900 |
| TOTAL ASSETS | 45,140,082 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 252,596 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,611,875 |
| Regular shares | 19,272,763 |
| All Other Shares & Deposits | 13,150,660 |
| TOTAL SHARES & DEPOSITS | 38,035,299 |
| TOTAL LIABILITIES | 38,287,895 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,852,187 |
| TOTAL EQUITY | 6,852,187 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 45,140,082 |
| INCOME & EXPENSE | |
| Loan Income | 1,373,249 |
| Investment Income | 513,587 |
| Other Income | 231,606 |
| Total Employee Compensation & Benefits | 861,895 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 756,711 |
| Non-operating Income & (Expense) | -64,945 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 83,300 |
| Cost of Funds | 404,399 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 352,628 |
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