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AZALEA CITY CREDIT UNION

Mar, 31, 2022 — AZALEA CITY CREDIT UNION is a federally insured state chartered credit union headquartered in MOBILE, AL with 3 branch locations and about $35.98 million in total assets. Opened 68 years ago in 1954, AZALEA CITY CREDIT UNION has about 3,866 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:http://www.azaleacitycu.com
Branches:3 branch locations
Members:3,866
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$35,975,728
CEO/Manager:Olabode Anise
Chairperson:JERRY BYRD

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,925,757
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,968,277
 Unsecured Loans 1,739,020
 Other Loans 15,028,203
 TOTAL LOANS 19,737,314
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -341,789
 Land And Building 2,622,950
 Other Fixed Assets 51,406
 NCUSIF Deposit 267,785
 All Other Assets 120,046
  TOTAL ASSETS 35,975,728
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 82,769
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,787,138
 Regular shares 18,231,990
 All Other Shares & Deposits 8,255,246
  TOTAL SHARES & DEPOSITS 31,274,374
  TOTAL LIABILITIES 31,357,143
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 4,618,585
  TOTAL EQUITY 4,618,585
  TOTAL LIABILITIES, SHARES, & EQUITY 35,975,728
INCOME & EXPENSE  
 Loan Income 321,097
 Investment Income 9,144
 Other Income 90,402
 Total Employee Compensation & Benefits 191,705
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 194,066
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 11,893
 Cost of Funds 22,244
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 90,070
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