Mar, 31, 2022 — AUBURN UNIVERSITY CREDIT UNION is a federally insured state chartered credit union headquartered in AUBURN, AL with 3 branch locations and about $231.66 million in total assets. Opened 62 years ago in 1960, AUBURN UNIVERSITY CREDIT UNION has about 16,441 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AUBURN UNIVERSITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1290 S Donahue Dr AUBURN, AL 36832-6330 |
| Phone: | (334) 844-4120 |
| Fax: | (334) 844-4162 |
| Website: | http://myaucu.org |
| Branches: | 3 branch locations |
| Members: | 16,441 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68701 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $231,664,945 |
| CEO/Manager: | Henry Armstrong |
| Chairperson: | Dennis Veronese |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 28,192,712 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 52,474,974 |
| Unsecured Loans | 6,419,389 |
| Other Loans | 29,475,624 |
| TOTAL LOANS | 88,369,987 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -534,314 |
| Land And Building | 9,180,335 |
| Other Fixed Assets | 507,318 |
| NCUSIF Deposit | 1,877,914 |
| All Other Assets | 0 |
| TOTAL ASSETS | 231,664,945 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,729,326 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 32,540,950 |
| Regular shares | 149,895,969 |
| All Other Shares & Deposits | 30,461,988 |
| TOTAL SHARES & DEPOSITS | 212,898,907 |
| TOTAL LIABILITIES | 214,628,233 |
| Regular Reserve | 0 |
| Other Reserves | -2,965,124 |
| Undivided Earnings | 20,001,836 |
| TOTAL EQUITY | 17,036,712 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 231,664,945 |
| INCOME & EXPENSE | |
| Loan Income | 959,377 |
| Investment Income | 392,117 |
| Other Income | 196,106 |
| Total Employee Compensation & Benefits | 667,469 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 799,131 |
| Non-operating Income & (Expense) | 5,470 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,000 |
| Cost of Funds | 112,027 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 80,804 |
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