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AZALEA CITY CREDIT UNION

Sep, 30, 2022 — AZALEA CITY CREDIT UNION is a federally insured state chartered credit union headquartered in MOBILE, AL with 3 branch locations and about $35.24 million in total assets. Opened 69 years ago in 1954, AZALEA CITY CREDIT UNION has about 3,853 members and employs 11 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:3 branch locations
Members:3,853
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$35,239,882
CEO/Manager:Olabode Anise
Chairperson:JERRY BYRD

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,685,535
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,577,880
 Unsecured Loans 1,835,448
 Other Loans 17,428,772
 TOTAL LOANS 22,842,100
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -331,414
 Land And Building 2,502,588
 Other Fixed Assets 39,365
 NCUSIF Deposit 296,647
 All Other Assets 146,174
  TOTAL ASSETS 35,239,882
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 361,237
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,630,544
 Regular shares 17,523,562
 All Other Shares & Deposits 7,867,740
  TOTAL SHARES & DEPOSITS 30,021,846
  TOTAL LIABILITIES 30,383,083
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 4,856,799
  TOTAL EQUITY 4,856,799
  TOTAL LIABILITIES, SHARES, & EQUITY 35,239,882
INCOME & EXPENSE  
 Loan Income 995,010
 Investment Income 62,643
 Other Income 289,363
 Total Employee Compensation & Benefits 582,738
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 628,607
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 21,489
 Cost of Funds 70,596
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 328,284
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