FIRST RELIANCE FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.firstreliancefcu.org for more information.
Dec, 31, 2023 — FIRST RELIANCE FEDERAL CREDIT UNION is a federal credit union headquartered in ATHENS, GA with 1 branch location and about $16.56 million in total assets. Opened 53 years ago in 1971, FIRST RELIANCE FEDERAL CREDIT UNION has about 3,000 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FIRST RELIANCE FEDERAL CREDIT UNION |
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Address: (Main Office) | PO BOX 80505 ATHENS, GA 30608 |
Phone: | (706) 613-1644 |
Fax: | (706) 613-1950 |
Website: | https://www.firstreliancefcu.org |
Branches: | 1 branch locations |
Members: | 3,000 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20707 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1971 |
Last Audited: | Mar 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $16,560,763 |
CEO/Manager: | DINA W THOMAS |
Chairperson: | DEWEY BAKER |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,134,219 |
TOTAL INVESTMENTS | 4,469,333 |
Loans Held for Sale | 0 |
Real Estate Loans | 412,404 |
Unsecured Loans | 766,084 |
Other Loans | 3,827,663 |
TOTAL LOANS | 5,357,685 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,225 |
Land And Building | 436,275 |
Other Fixed Assets | 29,508 |
NCUSIF Deposit | 113,103 |
All Other Assets | 51,865 |
TOTAL ASSETS | 16,560,763 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 312 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 155,016 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,800,101 |
Regular shares | 8,113,523 |
All Other Shares & Deposits | 3,921,643 |
TOTAL SHARES & DEPOSITS | 14,835,267 |
TOTAL LIABILITIES | 14,990,595 |
Regular Reserve | 247,493 |
Other Reserves | 76,041 |
Undivided Earnings | 1,246,634 |
TOTAL EQUITY | 1,570,168 |
TOTAL LIABILITIES, SHARES, & EQUITY | 16,560,763 |
INCOME & EXPENSE | |
Loan Income | 95,087 |
Investment Income | 18,205 |
Other Income | 48,836 |
Total Employee Compensation & Benefits | 54,229 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 91,160 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,000 |
Cost of Funds | 2,955 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 10,961 |
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