Sep, 30, 2025 — COUNCILL FEDERAL CREDIT UNION is a federal credit union headquartered in NORMAL, AL with 1 branch location and about $2.65 million in total assets. Opened 72 years ago in 1954, COUNCILL FEDERAL CREDIT UNION has about 610 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COUNCILL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1061 Buchanan Way NORMAL, AL 35762 |
| Phone: | (256) 372-5379 |
| Fax: | (256) 372-5765 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 610 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9554 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,651,173 |
| CEO/Manager: | Talbot M Malone |
| Chairperson: | Joyce Lockhart |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 121,148 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 448,950 |
| Other Loans | 248,977 |
| TOTAL LOANS | 697,927 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -54,468 |
| Land And Building | 0 |
| Other Fixed Assets | 10,771 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 22,249 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,651,173 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -181,118 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,418,372 |
| All Other Shares & Deposits | 951,238 |
| TOTAL SHARES & DEPOSITS | 2,369,610 |
| TOTAL LIABILITIES | 2,188,492 |
| Regular Reserve | 0 |
| Other Reserves | 32,814 |
| Undivided Earnings | 429,867 |
| TOTAL EQUITY | 462,681 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,651,173 |
| INCOME & EXPENSE | |
| Loan Income | 64,106 |
| Investment Income | 54,696 |
| Other Income | 6,723 |
| Total Employee Compensation & Benefits | 67,169 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 40,939 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,000 |
| Cost of Funds | 29,986 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -42,569 |
| ↑ Back to Top | |