Mar, 31, 2021 — ALABAMA ONE CREDIT UNION is a federally insured state chartered credit union headquartered in TUSCALOOSA, AL with 14 branch locations and about $849.71 million in total assets. Opened 70 years ago in 1951, ALABAMA ONE CREDIT UNION has about 70,053 members and employs 189 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: | http://www.alabamaone.org |
| Branches: | 14 branch locations |
| Members: | 70,053 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $849,707,984 |
| CEO/Manager: | William C Wells |
| Chairperson: | Loo Whitfield |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 134,591,160 |
| TOTAL INVESTMENTS | 128,543,270 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 314,849,386 |
| Unsecured Loans | 19,422,350 |
| Other Loans | 211,999,304 |
| TOTAL LOANS | 551,016,659 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,835,199 |
| Land And Building | 13,001,500 |
| Other Fixed Assets | 5,452,697 |
| NCUSIF Deposit | 6,585,615 |
| All Other Assets | 15,352,282 |
| TOTAL ASSETS | 849,707,984 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,533 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,933,954 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 143,784,893 |
| Regular shares | 262,934,679 |
| All Other Shares & Deposits | 353,940,269 |
| TOTAL SHARES & DEPOSITS | 760,659,841 |
| TOTAL LIABILITIES | 772,600,328 |
| Regular Reserve | 56,184,565 |
| Other Reserves | 4,195,173 |
| Undivided Earnings | 16,727,918 |
| TOTAL EQUITY | 77,107,656 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 849,707,984 |
| INCOME & EXPENSE | |
| Loan Income | 5,516,936 |
| Investment Income | 387,799 |
| Other Income | 1,317,992 |
| Total Employee Compensation & Benefits | 3,926,327 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,383,983 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 835,000 |
| Cost of Funds | 1,308,719 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,037,978 |
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