Sep, 30, 2022 — ALABAMA ONE CREDIT UNION is a federally insured state chartered credit union headquartered in TUSCALOOSA, AL with 18 branch locations and about $956.83 million in total assets. Opened 72 years ago in 1951, ALABAMA ONE CREDIT UNION has about 77,610 members and employs 262 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: | 18 branch locations |
| Members: | 77,610 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $956,825,066 |
| CEO/Manager: | William C Wells |
| Chairperson: | Loo Whitfield |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 55,800,178 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 432,193,109 |
| Unsecured Loans | 22,809,972 |
| Other Loans | 258,901,278 |
| TOTAL LOANS | 717,523,014 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,689,745 |
| Land And Building | 14,369,928 |
| Other Fixed Assets | 10,255,153 |
| NCUSIF Deposit | 7,679,207 |
| All Other Assets | 386,336 |
| TOTAL ASSETS | 956,825,066 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 67,783 |
| Notes & Interest Payable | 3,218,851 |
| Accounts Payable & Other Liabilities | 13,608,985 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 5,000,000 |
| Share Drafts | 176,694,345 |
| Regular shares | 310,841,316 |
| All Other Shares & Deposits | 371,767,663 |
| TOTAL SHARES & DEPOSITS | 859,303,324 |
| TOTAL LIABILITIES | 881,198,943 |
| Regular Reserve | 0 |
| Other Reserves | -5,951,431 |
| Undivided Earnings | 81,577,554 |
| TOTAL EQUITY | 75,626,123 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 956,825,066 |
| INCOME & EXPENSE | |
| Loan Income | 20,175,792 |
| Investment Income | 2,074,922 |
| Other Income | 6,099,347 |
| Total Employee Compensation & Benefits | 13,494,873 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 13,096,089 |
| Non-operating Income & (Expense) | 870,205 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 742,833 |
| Cost of Funds | 3,965,428 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,053,516 |
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