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AZALEA CITY CREDIT UNION

Jun, 30, 2021 — AZALEA CITY CREDIT UNION is a federally insured state chartered credit union headquartered in MOBILE, AL with 3 branch locations and about $34.03 million in total assets. Opened 67 years ago in 1954, AZALEA CITY CREDIT UNION has about 3,893 members and employs 8 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:http://www.azaleacitycu.com
Branches:3 branch locations
Members:3,893
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:Oct 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$34,029,063
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 6,283,709
TOTAL INVESTMENTS 4,427,000
Loans Held for Sale 0
 
 Real Estate Loans 2,984,328
 Unsecured Loans 1,561,071
 Other Loans 15,971,621
 TOTAL LOANS 20,521,819
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -448,348
 Land And Building 2,681,264
 Other Fixed Assets 102,816
 NCUSIF Deposit 267,785
 All Other Assets 193,018
  TOTAL ASSETS 34,029,063
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 134,963
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,824,705
 Regular shares 15,801,102
 All Other Shares & Deposits 8,918,188
  TOTAL SHARES & DEPOSITS 29,543,995
  TOTAL LIABILITIES 29,678,958
 Regular Reserve 1,686,881
 Other Reserves 0
 Undivided Earnings 2,663,224
  TOTAL EQUITY 4,350,105
  TOTAL LIABILITIES, SHARES, & EQUITY 34,029,063
INCOME & EXPENSE  
 Loan Income 636,826
 Investment Income 24,976
 Other Income 168,242
 Total Employee Compensation & Benefits 323,994
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 417,899
 Non-operating Income & (Expense) -9,233
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 59,477
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 219,192
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