Mar, 31, 2022 — ALABAMA ONE CREDIT UNION is a federally insured state chartered credit union headquartered in TUSCALOOSA, AL with 18 branch locations and about $961.98 million in total assets. Opened 71 years ago in 1951, ALABAMA ONE CREDIT UNION has about 75,466 members and employs 248 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: | 18 branch locations |
| Members: | 75,466 |
| 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: | $961,984,944 |
| CEO/Manager: | William C Wells |
| Chairperson: | Loo Whitfield |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 102,586,927 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 381,457,218 |
| Unsecured Loans | 21,107,805 |
| Other Loans | 235,366,487 |
| TOTAL LOANS | 641,862,089 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,846,983 |
| Land And Building | 15,525,808 |
| Other Fixed Assets | 8,638,151 |
| NCUSIF Deposit | 7,630,644 |
| All Other Assets | 1,385,761 |
| TOTAL ASSETS | 961,984,944 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 32,331 |
| Notes & Interest Payable | 3,105,871 |
| Accounts Payable & Other Liabilities | 13,958,123 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 5,000,000 |
| Share Drafts | 169,807,179 |
| Regular shares | 305,149,961 |
| All Other Shares & Deposits | 387,206,245 |
| TOTAL SHARES & DEPOSITS | 862,163,385 |
| TOTAL LIABILITIES | 884,259,710 |
| Regular Reserve | 0 |
| Other Reserves | -436,883 |
| Undivided Earnings | 78,162,117 |
| TOTAL EQUITY | 77,725,234 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 961,984,944 |
| INCOME & EXPENSE | |
| Loan Income | 6,293,408 |
| Investment Income | 452,413 |
| Other Income | 1,933,333 |
| Total Employee Compensation & Benefits | 4,254,385 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,983,858 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 140,000 |
| Cost of Funds | 1,318,295 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,210,700 |
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