Dec, 31, 2023 — MCALESTER AAP FEDERAL CREDIT UNION is a federal credit union headquartered in MCALESTER, OK with 1 branch location and about $12.48 million in total assets. Opened 77 years ago in 1947, MCALESTER AAP FEDERAL CREDIT UNION has about 1,391 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MCALESTER AAP FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 C Tree Rd Bldg 3 MCALESTER, OK 74501-9002 |
| Phone: | (918) 420-6377 |
| Fax: | (918) 423-5781 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,391 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5531 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Nov 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,480,873 |
| CEO/Manager: | Cheryl Gentry |
| Chairperson: | Jeffie A Ely |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,724,545 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 343,237 |
| Other Loans | 6,335,443 |
| TOTAL LOANS | 6,678,680 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,854 |
| Land And Building | 0 |
| Other Fixed Assets | 2,150 |
| NCUSIF Deposit | 86,264 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,480,873 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 20,702 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 23,455 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 8,187,194 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 8,187,194 |
| TOTAL LIABILITIES | 8,231,351 |
| Regular Reserve | 0 |
| Other Reserves | 448,175 |
| Undivided Earnings | 3,801,347 |
| TOTAL EQUITY | 4,249,522 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,480,873 |
| INCOME & EXPENSE | |
| Loan Income | 460,944 |
| Investment Income | 135,740 |
| Other Income | 29,365 |
| Total Employee Compensation & Benefits | 196,454 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 99,002 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 73,972 |
| Cost of Funds | 67,368 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 194,096 |
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