Dec, 31, 2023 — FREEDOM 1ST FEDERAL CREDIT UNION is a federal credit union headquartered in MCCONNELL AFB, KS with 1 branch location and about $42.70 million in total assets. Opened 67 years ago in 1957, FREEDOM 1ST FEDERAL CREDIT UNION has about 2,361 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: | FREEDOM 1ST FEDERAL CREDIT UNION |
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Address: (Main Office) | 57915 Leavenworth St MCCONNELL AFB, KS 67221 |
Phone: | (316) 685-0205 |
Fax: | (316) 685-7191 |
Website: | https://www.freedom1stfcu.org |
Branches: | 1 branch locations |
Members: | 2,361 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11643 |
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Membership Type: | Military |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $42,697,660 |
CEO/Manager: | Ronda K Posch |
Chairperson: | Rick Durham |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,354,311 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 457,766 |
Unsecured Loans | 269,506 |
Other Loans | 6,140,126 |
TOTAL LOANS | 6,867,398 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -37,603 |
Land And Building | 287,095 |
Other Fixed Assets | 14,356 |
NCUSIF Deposit | 352,179 |
All Other Assets | 0 |
TOTAL ASSETS | 42,697,660 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 107 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 275,244 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,302,755 |
Regular shares | 17,932,364 |
All Other Shares & Deposits | 6,474,814 |
TOTAL SHARES & DEPOSITS | 35,709,933 |
TOTAL LIABILITIES | 35,985,284 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 6,712,376 |
TOTAL EQUITY | 6,712,376 |
TOTAL LIABILITIES, SHARES, & EQUITY | 42,697,660 |
INCOME & EXPENSE | |
Loan Income | 417,897 |
Investment Income | 904,937 |
Other Income | 59,884 |
Total Employee Compensation & Benefits | 431,660 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 381,445 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -5,100 |
Cost of Funds | 53,789 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 648,362 |
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