ABBOTT LABORATORIES EMPLOYEES CREDIT UNION (ALEC)Pub 78
Pub 78
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$1,037,809,507
Receivables (Non-Related)
57%
Investments
30%
Cash & Equivalents
8%
Other Assets
2%
Property, Plant, & Equipment (net)
1%
Related-Party Receivables
<1%
Prepaid Expenses
<1%
Inventories
0%
Liabilities in 2024 (Year End)
$908,912,689
Other Liabilities
>99%
Payables & Accruals
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$71,233,468
$87,426,819
+23%
Receivables (Non-Related)
$572,784,017
$592,288,022
+3%
Related-Party Receivables
$1,935,506
$5,026,151
+160%
Inventories
-
-
-
Prepaid Expenses
$839,269
$612,367
-27%
Investments
$317,446,625
$315,782,028
-1%
Property, Plant, & Equipment (net)
$12,118,111
$11,663,581
-4%
Other Assets
$24,480,845
$25,010,539
+2%
Total Assets
$1,000,837,841
$1,037,809,507
+4%
Liabilities
2023
2024
Change
Payables & Accruals
$6,644,019
$5,476,724
-18%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$20,000,000
-
-
Related-Party Payables
-
-
-
Other Liabilities
$862,450,114
$903,435,965
+5%
Total Liabilities
$889,094,133
$908,912,689
+2%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
+$111,743,708
+$128,896,818
+15%
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