ALLIANCE Financial Reports
Quarter Ended: 2024/12/31
Data Updated on: 2024/10/29
ALLIANCE is a NFICU, and supervised by the National Credit Union Administration (NCUA) located in Lubbock, TX. Established on 1940, the credit union is regulated by the NCUA and has 10 branches.
The bank has 23 employees and holds 621,682,143 in total assets. With a focus on Non-Federal Credit Union customers, the bank has been serving its customers since 1940.
Learn more about ALLIANCE on Visbanking Report Portal. See pricing on Visbanking Pricing Page or request a demo on Request Demo Page. Follow us on Linkedin for more information about the US Banking System Visbanking Linkedin Page for the latest updates.
ALLIANCE Institution Profile
| Type of Membership | Non-Federal Credit Union |
| Number of Full-Time Employees | 171 |
| Date Established | 1940 |
| Number of Part-Time Employees | 23 |
| Type of Credit Union | NFICU |
| City | Lubbock |
| Number of Current Members | 51436 |
| ZIP Code | 79424 |
| State | TX |
| Street Address | 6219 Spur 327 |
| Official Website | http://www.alliancecutx.com |
| Peer Group Category | 6 – $500,000,000 and greater |
| President’s Name | Patsy Wilson |
| CEO Name | Matt Grannan |
| Join Number | 1784 |
| Net Worth Classification | Well Capitalized |
| Institution RSSDID | 520179 |
| Number Of Branches | 10 |
| Bond Provider | CUMIS |
Institution Profile Overview
The organization operates under the Membership Type of “Non-Federal Credit Union” and was Chartered on “1940”. It is classified as a NFICU, with Number of Members totaling “51436”. The institution is based in State: “TX”, within the City: “Lubbock”, and can be found at Street: “6219 Spur 327”, ZIP Code: “79424”.
The institution employs “171” Full-time Employees and “23” Part-time Employees, ensuring smooth operations. It belongs to the Peer Group “6 – $500,000,000 and greater”, reflecting its size and scope of activities. The Net Worth Classification places it in the “Well Capitalized” category.
Leadership is guided by PRESIDENT: “Patsy Wilson” and CEO: “Matt Grannan”, ensuring strategic direction and oversight. Additional identifiers include a Join Number of “1784” and RSSD Number of “520179”. The organization’s online presence is accessible via its Website: “http://www.alliancecutx.com”.
ALLIANCE Financials
(USD, in thousands)
| Total Assets | $621,682 |
| Total NonInterest Income | $14,706 |
| Total Liabilities | $550,118 |
| Total Interest Expense | $14,632 |
| Total Shares and Deposits | $538,436 |
| Total NonInterest Expense | $27,590 |
| Total Equity | $72,424 |
| Total Net Worth | $72,424 |
| Total Interest Income | $36,588 |
| Net Worth Ratio | 11.65% |
| Total amount of Loans and Leases | $535,551 |
| Total number of Loans and Leases | 19,855 |
Financial Performance Overview
Gain a comprehensive perspective on ALLIANCE’s financial landscape through our “Financials” table. The bank boasts total assets of $621,682,143k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the credit union’s financial structure and stability, with total liabilities standing at $550,117,529k and total equity at $72,424,421k.
Delve into key operational metrics, including total shares and deposits of $538,435,557k, total loans and leases at $535,551,364k, and a meticulous analysis of income and expense components. This detailed financial overview is designed to enhance your understanding of ALLIANCE’s performance and competitive positioning within the financial industry.
ALLIANCE Additional Financial Information
| Net Interest Income | 21,955,380.00 |
| Loans Held for Sale | 14,293,464.00 |
| Net Interest Margin (as a % of Average Assets) | 3.69 |
| Other Non‐Performing Assets (as % of Total Assets) | 0.08 |
| All Other Assets (Total) | 1,673,784.00 |
| Total Cash on Deposit (Amounts Deposited in Financial Institutions) | 11,092,768.00 |
| Net Worth Growth | 9.07 |
| Total INVESTMENT SECURITIES | 8,029,921.00 |
| Share Growth | 15.63 |
| TOTAL OTHER INVESTMENTS | 3,223,500.00 |
| Loan Growth | 7.07 |
| Total Foreclosed and Repossessed Assets | 0.00 |
| Asset Growth | 9.31 |
| Total Credit Loss Expense | 3,409,650.00 |
| Investment Growth | 21.59 |
| NET INCOME (LOSS) | 5,661,925.00 |
| Membership Growth | 12.17 |
| Loans‐to‐Assets Ratio | 86.15 |
| Return on Average Assets (ROAA) | 0.95 |
| Cash & Short‐Term Investments (as % of Assets) | 4.17 |
| Net Income (Excluding Extraordinary Items) / Average Assets | 0.90 |
| Risk‐Based Capital Ratio | 16.99 |
| Non‐Interest Expense (as % of Average Assets) | 4.64 |
| GAAP Equity (as % of Total Assets) | 11.51 |
| Provision for Loan or Credit Losses (as % of Average Assets) | 0.57 |
| Loan Loss Ratio | 0.66 |
| Total Gain (Loss) on Investments | 0.00 |
| Efficiency Ratio | 54.12 |
| Regulatory Net Worth Ratio | 1,165.00 |
| Adjusted Net Worth Ratio | 11.86 |
Insights into Financial Metrics
Enhance your understanding of ALLIANCE‘s financial standing through our Additional Financial Information table. Explore key metrics such as Total Loans and Leases: $535,551,364k and Net Interest Income: $0k to gain valuable insights into the credit union’s core operations and revenue streams.
Delve into the intricacies of Loan Loss Ratio 0.6583 to evaluate the credit union’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income: $14,705,798k and evaluate operational efficiency using metrics like Efficiency Ratio: 54.1163. This nuanced financial overview empowers a comprehensive analysis of ALLIANCE‘s strategic financial position and performance in the industry.
Frequently Asked Questions (FAQs)
What is the asset size of ALLIANCE?
The asset size of ALLIANCE is approximately $621,682,143k, reflecting the credit union’s scale and market presence.
What type of bond does ALLIANCE have?
ALLIANCE has a bond provided by CUMIS, which ensures certain financial securities to its members.
How many members does ALLIANCE currently have?
The credit union currently serves 51436 members, indicating its reach and community impact.
What is the total number of employees at ALLIANCE?
There are 194 employees at ALLIANCE, including both full-time and part-time staff, supporting its operations and member services.
Where is ALLIANCE located and how many branches does it have?
ALLIANCE is located in Lubbock, TX, and operates 10 branches.
What is the net worth ratio of ALLIANCE?
The net worth ratio, a key indicator of financial strength, for ALLIANCE is 1165%.
What is the total value of loans and deposits at ALLIANCE?
The credit union holds $535,551,364k in loans and $538,435,557k in deposits, reflecting its lending and saving activities.
What does ALLIANCE’s investment portfolio look like?
The credit union’s investment portfolio includes total investment securities and other investments, showcasing strategic asset allocation.
Who are the leaders of ALLIANCE?
Leadership at ALLIANCE is provided by President Patsy Wilson and CEO Matt Grannan, guiding strategic decisions and operations.