FCS Institution DirectoryView Reports for Alabama ACA
FCA Institution Number:710985
Abbreviated Name:Alabama ACA
Status:Active
Phone:256-737-7128
RSSD Number:3978043
CEO:Mr. Kerry Ben Gore
Chairman of the Board:Mr. Loyd Rutherford

Addresses:
Street:1740 Eva Road NE
City:Cullman State: AL Zip Code: 35055
County:Cullman
Web URL:http://www.alabamalandbank.com

Charter Information:
Official Name:Alabama Farm Credit, ACA
Charter Date:01/04/2010
Charter Number:8085
Territory Description:
In the State of Alabama, the Counties of Blount, Calhoun, Cherokee, Clay, Cleburne, Colbert, Cullman, De Kalb, Etowah, Fayette, Franklin, Jackson, Jefferson, Lamar, Lauderdale, Lawrence, Limestone, Madison, Marion, Marshall, Morgan, Randolph, Shelby, St. Clair, Talladega, Walker, and Winston.

Comments:
Effective October 1, 1999, the FLBA of North Alabama, assumed authority to make and participate in long-term real estate mortgage loans. The association will be known as Federal Land Bank Association of North Alabama, FLCA.

Effective January 4, 2010, pursuant to the authority under sections 5.17 and 7.7 of the Farm Credit Act of 1971, as amended (Act), FCA chartered a new production credit association that consolidated with the Federal Land Bank Association of North Alabama, FLCA to form Alabama Farm Credit, ACA. The FCA also approved a subsidiary structure with the PCA known as Alabama Farm Credit, PCA and amended the FLCA charter to make it a subsidiary of Alabama Farm Credit, ACA. The FLCA subsidiary retains the name Federal Land Bank Association of North Alabama, FLCA. The equalization of loan-making power under section 7.7 of the Act authorizes the ACA and its subsidiaries to exercise full lending authorities within their chartered territory. The associations are subject to Conditions of Approval that are also effective January 4, 2010. Pursuant to FCA's Conditions of Approval, FCA will treat the ACA and its subsidiary associations on a consolidated basis for regulatory purposes as the FCA deems appropriate.
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