Dec, 31, 2023 — CHARLOTTE FIRE DEPARTMENT CREDIT UNION is a federally insured state chartered credit union headquartered in CHARLOTTE, NC with 1 branch location and about $51.71 million in total assets. Opened 69 years ago in 1955, CHARLOTTE FIRE DEPARTMENT CREDIT UNION has about 2,964 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CHARLOTTE FIRE DEPARTMENT CREDIT UNION |
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Address: (Main Office) | 2121 Commonwealth Ave CHARLOTTE, NC 28205-5100 |
Phone: | (704) 375-3950 |
Fax: | (704) 344-8369 |
Website: | https://www.cfdcu.org |
Branches: | 1 branch locations |
Members: | 2,964 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63566 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $51,705,394 |
CEO/Manager: | Deborah H Trotter |
Chairperson: | Brian J Kurzel |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,271,067 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,183,398 |
Unsecured Loans | 3,917,655 |
Other Loans | 16,103,874 |
TOTAL LOANS | 22,204,927 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -93,997 |
Land And Building | 170,176 |
Other Fixed Assets | 43,176 |
NCUSIF Deposit | 471,304 |
All Other Assets | 0 |
TOTAL ASSETS | 51,705,394 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 798,513 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,927,083 |
Regular shares | 28,172,695 |
All Other Shares & Deposits | 9,859,743 |
TOTAL SHARES & DEPOSITS | 44,959,521 |
TOTAL LIABILITIES | 45,758,034 |
Regular Reserve | 0 |
Other Reserves | -972,835 |
Undivided Earnings | 6,920,195 |
TOTAL EQUITY | 5,947,360 |
TOTAL LIABILITIES, SHARES, & EQUITY | 51,705,394 |
INCOME & EXPENSE | |
Loan Income | 1,451,683 |
Investment Income | 555,560 |
Other Income | 243,036 |
Total Employee Compensation & Benefits | 1,100,710 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 620,034 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -2,905 |
Cost of Funds | 574,393 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -5,358 |
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