Dec, 31, 2023 — AUBURN UNIVERSITY CREDIT UNION is a federally insured state chartered credit union headquartered in AUBURN, AL with 3 branch locations and about $243.36 million in total assets. Opened 64 years ago in 1960, AUBURN UNIVERSITY CREDIT UNION has about 16,933 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 |
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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: | 16,933 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68701 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $243,357,219 |
CEO/Manager: | Henry Armstrong |
Chairperson: | Dennis Veronese |
ASSETS: | $ Amount |
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Cash & Equivalents | 34,509,777 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 52,643,422 |
Unsecured Loans | 10,297,672 |
Other Loans | 50,851,669 |
TOTAL LOANS | 113,792,763 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -967,199 |
Land And Building | 8,710,403 |
Other Fixed Assets | 554,199 |
NCUSIF Deposit | 2,104,531 |
All Other Assets | 0 |
TOTAL ASSETS | 243,357,219 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 290,986 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 694,828 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 33,312,469 |
Regular shares | 122,799,240 |
All Other Shares & Deposits | 70,996,912 |
TOTAL SHARES & DEPOSITS | 227,108,621 |
TOTAL LIABILITIES | 228,094,435 |
Regular Reserve | 0 |
Other Reserves | -8,088,353 |
Undivided Earnings | 23,351,137 |
TOTAL EQUITY | 15,262,784 |
TOTAL LIABILITIES, SHARES, & EQUITY | 243,357,219 |
INCOME & EXPENSE | |
Loan Income | 6,073,272 |
Investment Income | 2,604,605 |
Other Income | 1,047,537 |
Total Employee Compensation & Benefits | 3,001,519 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,180,359 |
Non-operating Income & (Expense) | 31,140 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 492,373 |
Cost of Funds | 1,983,400 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 693,366 |
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