Dec, 31, 2023 — FAMILY SECURITY CREDIT UNION is a federally insured state chartered credit union headquartered in DECATUR, AL with 23 branch locations and about $930.54 million in total assets. Opened 71 years ago in 1953, FAMILY SECURITY CREDIT UNION has about 88,574 members and employs 219 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FAMILY SECURITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2204 Family Security Pl SW DECATUR, AL 35603 |
| Phone: | (256) 340-2000 |
| Fax: | (256) 353-9740 |
| Website: | https://myfscu.com |
| Branches: | 23 branch locations |
| Members: | 88,574 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60605 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $930,544,552 |
| CEO/Manager: | Shane Nobbley |
| Chairperson: | James W Jeffreys |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 159,795,231 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 61,319,257 |
| Unsecured Loans | 21,702,550 |
| Other Loans | 372,282,734 |
| TOTAL LOANS | 455,304,541 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,909,789 |
| Land And Building | 30,247,478 |
| Other Fixed Assets | 797,489 |
| NCUSIF Deposit | 7,901,864 |
| All Other Assets | 371,021 |
| TOTAL ASSETS | 930,544,552 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,848,473 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 150,468,389 |
| Regular shares | 338,946,804 |
| All Other Shares & Deposits | 287,388,480 |
| TOTAL SHARES & DEPOSITS | 776,803,672 |
| TOTAL LIABILITIES | 787,652,145 |
| Regular Reserve | 0 |
| Other Reserves | -20,971,879 |
| Undivided Earnings | 163,864,286 |
| TOTAL EQUITY | 142,892,407 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 930,544,552 |
| INCOME & EXPENSE | |
| Loan Income | 22,418,559 |
| Investment Income | 14,928,267 |
| Other Income | 8,241,055 |
| Total Employee Compensation & Benefits | 15,569,433 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,607,171 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,909,789 |
| Cost of Funds | 6,403,250 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 18,426,487 |
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