ALABAMA RURAL ELECTRIC CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.arecu.net for more information.
Sep, 30, 2025 — ALABAMA RURAL ELECTRIC CREDIT UNION is a federally insured state chartered credit union headquartered in MONTGOMERY, AL with 1 branch location and about $48.61 million in total assets. Opened 57 years ago in 1969, ALABAMA RURAL ELECTRIC CREDIT UNION has about 3,735 members and employs 9 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 RURAL ELECTRIC CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 240547 MONTGOMERY, AL 36124 |
| Phone: | (334) 215-7328 |
| Fax: | (334) 215-7946 |
| Website: | https://www.arecu.net |
| Branches: | 1 branch locations |
| Members: | 3,735 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68624 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Dec 01, 2018 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $48,613,093 |
| CEO/Manager: | Jane J Boysen |
| Chairperson: | Jeff Hodges |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,607,050 |
| TOTAL INVESTMENTS | 10,983,020 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 68,018 |
| Unsecured Loans | 2,364,794 |
| Other Loans | 19,955,436 |
| TOTAL LOANS | 23,910,631 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -357,976 |
| Land And Building | 0 |
| Other Fixed Assets | 38,281 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 285,142 |
| All Other Assets | 146,945 |
| TOTAL ASSETS | 48,613,093 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 17,446 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,384,058 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,746,877 |
| Regular shares | 10,372,537 |
| All Other Shares & Deposits | 24,546,628 |
| TOTAL SHARES & DEPOSITS | 38,666,042 |
| TOTAL LIABILITIES | 46,067,546 |
| Regular Reserve | 1,620,365 |
| Other Reserves | 0 |
| Undivided Earnings | 925,182 |
| TOTAL EQUITY | 2,545,547 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 48,613,093 |
| INCOME & EXPENSE | |
| Loan Income | 632,129 |
| Investment Income | 84,638 |
| Other Income | 157,182 |
| Total Employee Compensation & Benefits | 457,647 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 650,755 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 274,000 |
| Cost of Funds | 1,227,664 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,736,117 |
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