Dec, 31, 2023 — ALABAMA ONE CREDIT UNION is a federally insured state chartered credit union headquartered in TUSCALOOSA, AL with 26 branch locations and about $1.22 billion in total assets. Opened 73 years ago in 1951, ALABAMA ONE CREDIT UNION has about 90,264 members and employs 322 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALABAMA ONE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1215 Veterans Memorial Pkwy TUSCALOOSA, AL 35404-5842 |
| Phone: | (205) 759-1595 |
| Fax: | (205) 342-0111 |
| Website: | https://www.alabamaone.org |
| Branches: | 26 branch locations |
| Members: | 90,264 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68595 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,220,513,633 |
| CEO/Manager: | William C Wells |
| Chairperson: | Loo Whitfield |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 48,444,467 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 524,016,026 |
| Unsecured Loans | 28,359,474 |
| Other Loans | 336,565,666 |
| TOTAL LOANS | 893,153,357 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,257,438 |
| Land And Building | 18,357,301 |
| Other Fixed Assets | 14,405,765 |
| NCUSIF Deposit | 8,470,800 |
| All Other Assets | 425,268 |
| TOTAL ASSETS | 1,220,513,633 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13 |
| Notes & Interest Payable | 55,702,358 |
| Accounts Payable & Other Liabilities | 10,878,343 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 5,000,000 |
| Share Drafts | 242,130,924 |
| Regular shares | 366,092,693 |
| All Other Shares & Deposits | 455,649,212 |
| TOTAL SHARES & DEPOSITS | 1,063,872,829 |
| TOTAL LIABILITIES | 1,135,453,543 |
| Regular Reserve | 0 |
| Other Reserves | 540,204 |
| Undivided Earnings | 84,519,886 |
| TOTAL EQUITY | 85,060,090 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,220,513,633 |
| INCOME & EXPENSE | |
| Loan Income | 37,884,882 |
| Investment Income | 4,121,715 |
| Other Income | 9,409,969 |
| Total Employee Compensation & Benefits | 20,774,506 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 20,748,183 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,252,099 |
| Cost of Funds | 13,789,911 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,004,232 |
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