Dec, 31, 2023 — RAILROAD CREDIT UNION is a federally insured state chartered credit union headquartered in IRONDALE, AL with 1 branch location and about $104.91 million in total assets. Opened 68 years ago in 1956, RAILROAD CREDIT UNION has about 4,856 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RAILROAD CREDIT UNION |
|---|---|
| Address: (Main Office) | 1808 2nd Ave S IRONDALE, AL 35210-1512 |
| Phone: | (205) 956-0678 |
| Fax: | (205) 956-0834 |
| Website: | https://railroadccu.com |
| Branches: | 1 branch locations |
| Members: | 4,856 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68688 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $104,913,454 |
| CEO/Manager: | Sharon Hazelwood |
| Chairperson: | Leslie C Smith |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,605,342 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 47,203 |
| Unsecured Loans | 1,678,839 |
| Other Loans | 12,981,043 |
| TOTAL LOANS | 14,707,085 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -230,568 |
| Land And Building | 76,001 |
| Other Fixed Assets | 9,321 |
| NCUSIF Deposit | 938,634 |
| All Other Assets | 0 |
| TOTAL ASSETS | 104,913,454 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 274,580 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,448,711 |
| Regular shares | 54,445,726 |
| All Other Shares & Deposits | 36,502,642 |
| TOTAL SHARES & DEPOSITS | 92,397,079 |
| TOTAL LIABILITIES | 92,671,659 |
| Regular Reserve | 0 |
| Other Reserves | -1,393,250 |
| Undivided Earnings | 13,635,045 |
| TOTAL EQUITY | 12,241,795 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 104,913,454 |
| INCOME & EXPENSE | |
| Loan Income | 686,575 |
| Investment Income | 1,394,255 |
| Other Income | 35,610 |
| Total Employee Compensation & Benefits | 769,378 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 478,760 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,638 |
| Cost of Funds | 848,777 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 100,126 |
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