Dec, 31, 2023 — FOUNDATION CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, MO with 2 branch locations and about $71.53 million in total assets. Opened 91 years ago in 1933, FOUNDATION CREDIT UNION has about 3,363 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FOUNDATION CREDIT UNION |
|---|---|
| Address: (Main Office) | 1726 W Elfindale St SPRINGFIELD, MO 65807-1289 |
| Phone: | (417) 895-2770 |
| Fax: | (417) 895-2772 |
| Website: | https://foundationcreditunion.com/ |
| Branches: | 2 branch locations |
| Members: | 3,363 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61157 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1933 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $71,528,023 |
| CEO/Manager: | Stephanie Thomas |
| Chairperson: | Amber R Salsman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,897,907 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 29,259,308 |
| Unsecured Loans | 162,974 |
| Other Loans | 26,906,908 |
| TOTAL LOANS | 56,329,190 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -180,637 |
| Land And Building | 2,108,470 |
| Other Fixed Assets | 87,532 |
| NCUSIF Deposit | 577,542 |
| All Other Assets | 0 |
| TOTAL ASSETS | 71,528,023 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 729,605 |
| Accounts Payable & Other Liabilities | 245,669 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,258,146 |
| Regular shares | 34,838,652 |
| All Other Shares & Deposits | 24,225,217 |
| TOTAL SHARES & DEPOSITS | 60,322,015 |
| TOTAL LIABILITIES | 61,297,289 |
| Regular Reserve | 0 |
| Other Reserves | 1,801,936 |
| Undivided Earnings | 8,428,798 |
| TOTAL EQUITY | 10,230,734 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 71,528,023 |
| INCOME & EXPENSE | |
| Loan Income | 2,577,033 |
| Investment Income | 141,442 |
| Other Income | 137,804 |
| Total Employee Compensation & Benefits | 780,086 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 957,303 |
| Non-operating Income & (Expense) | -4,200 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 60,200 |
| Cost of Funds | 962,313 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 123,298 |
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