Dec, 31, 2023 — LIBERTY FIRST CREDIT UNION is a federally insured state chartered credit union headquartered in LINCOLN, NE with 6 branch locations and about $452.33 million in total assets. Opened 89 years ago in 1935, LIBERTY FIRST CREDIT UNION has about 31,842 members and employs 89 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LIBERTY FIRST CREDIT UNION |
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Address: (Main Office) | 501 N 46th St LINCOLN, NE 68503-3718 |
Phone: | (402) 465-1000 |
Fax: | (402) 464-0472 |
Website: | https://www.libertyfirstcu.com |
Branches: | 6 branch locations |
Members: | 31,842 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63757 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $452,330,836 |
CEO/Manager: | Frank Wilber |
Chairperson: | Tom Bolton |
ASSETS: | $ Amount |
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Cash & Equivalents | 70,270,255 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,313,665 |
Real Estate Loans | 180,510,248 |
Unsecured Loans | 24,514,342 |
Other Loans | 153,818,071 |
TOTAL LOANS | 358,842,661 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,191,452 |
Land And Building | 9,057,404 |
Other Fixed Assets | 1,345,953 |
NCUSIF Deposit | 3,768,290 |
All Other Assets | 1,691,787 |
TOTAL ASSETS | 452,330,836 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 11,749,171 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 126,044,417 |
Regular shares | 115,673,673 |
All Other Shares & Deposits | 139,764,079 |
TOTAL SHARES & DEPOSITS | 381,482,168 |
TOTAL LIABILITIES | 393,231,339 |
Regular Reserve | 0 |
Other Reserves | 585,000 |
Undivided Earnings | 58,514,497 |
TOTAL EQUITY | 59,099,497 |
TOTAL LIABILITIES, SHARES, & EQUITY | 452,330,836 |
INCOME & EXPENSE | |
Loan Income | 20,299,875 |
Investment Income | 3,081,853 |
Other Income | 3,849,715 |
Total Employee Compensation & Benefits | 9,844,548 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,444,014 |
Non-operating Income & (Expense) | -209 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,125,000 |
Cost of Funds | 6,382,497 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,135,592 |
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