Jun, 30, 2023 — AUBURN UNIVERSITY CREDIT UNION is a federally insured state chartered credit union headquartered in AUBURN, AL with 3 branch locations and about $227.71 million in total assets. Opened 63 years ago in 1960, AUBURN UNIVERSITY CREDIT UNION has about 16,211 members and employs 43 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: | https://myaucu.org |
| Branches: | 3 branch locations |
| Members: | 16,211 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $227,705,850 |
| CEO/Manager: | Henry Armstrong |
| Chairperson: | Dennis Veronese |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,648,404 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 50,537,363 |
| Unsecured Loans | 7,352,199 |
| Other Loans | 42,346,583 |
| TOTAL LOANS | 100,236,145 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -578,898 |
| Land And Building | 9,013,996 |
| Other Fixed Assets | 587,865 |
| NCUSIF Deposit | 2,024,307 |
| All Other Assets | 0 |
| TOTAL ASSETS | 227,705,850 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8,084 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,870,205 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 34,523,375 |
| Regular shares | 152,220,683 |
| All Other Shares & Deposits | 26,691,979 |
| TOTAL SHARES & DEPOSITS | 213,436,037 |
| TOTAL LIABILITIES | 215,314,326 |
| Regular Reserve | 0 |
| Other Reserves | -7,717,972 |
| Undivided Earnings | 20,109,496 |
| TOTAL EQUITY | 12,391,524 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 227,705,850 |
| INCOME & EXPENSE | |
| Loan Income | 3,236,509 |
| Investment Income | 1,361,833 |
| Other Income | 650,165 |
| Total Employee Compensation & Benefits | 2,064,837 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,534,477 |
| Non-operating Income & (Expense) | 17,701 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 201,463 |
| Cost of Funds | 387,826 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 492,306 |
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