Dec, 31, 2023 — ALCOA MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ALCOA, TN with 1 branch location and about $4.87 million in total assets. Opened 53 years ago in 1971, ALCOA MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 1,048 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ALCOA MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 727 Universal St ALCOA, TN 37701 |
Phone: | (865) 981-4158 |
Fax: | (865) 981-4176 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 1,048 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20513 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1971 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,872,855 |
CEO/Manager: | DENISE S JEANDRON |
Chairperson: | MARK ROSS |
ASSETS: | $ Amount |
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Cash & Equivalents | 345,820 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 774,644 |
Other Loans | 1,404,642 |
TOTAL LOANS | 2,179,288 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,049 |
Land And Building | 0 |
Other Fixed Assets | 627 |
NCUSIF Deposit | 42,942 |
All Other Assets | 0 |
TOTAL ASSETS | 4,872,855 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 5,179 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 13,651 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 4,234,171 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 4,234,172 |
TOTAL LIABILITIES | 4,253,002 |
Regular Reserve | 0 |
Other Reserves | 109,316 |
Undivided Earnings | 510,537 |
TOTAL EQUITY | 619,853 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,872,855 |
INCOME & EXPENSE | |
Loan Income | 91,873 |
Investment Income | 88,250 |
Other Income | 2,170 |
Total Employee Compensation & Benefits | 83,746 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 126,320 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 11,795 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -39,406 |
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