Dec, 31, 2023 — 1ST COOPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in CAYCE, SC with 1 branch location and about $23.70 million in total assets. Opened 54 years ago in 1970, 1ST COOPERATIVE FEDERAL CREDIT UNION has about 2,598 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | 1ST COOPERATIVE FEDERAL CREDIT UNION |
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Address: (Main Office) | 808 Knox Abbott Dr CAYCE, SC 29033-3318 |
Phone: | (803) 796-0234 |
Fax: | (803) 926-3177 |
Website: | https://www.1stcooperative.com |
Branches: | 1 branch locations |
Members: | 2,598 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24627 |
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Membership Type: | Service - Communications and Utilities |
Corporate Credit Union: | No |
Year Opened: | 1970 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $23,701,426 |
CEO/Manager: | Ashley Y Beach Reid |
Chairperson: | Keith Avery |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,060,222 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 205,716 |
Unsecured Loans | 3,972,650 |
Other Loans | 15,362,326 |
TOTAL LOANS | 19,540,693 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -103,222 |
Land And Building | 5,250 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 170,284 |
All Other Assets | 14,450 |
TOTAL ASSETS | 23,701,426 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 4 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 55,992 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,957,941 |
Regular shares | 11,812,380 |
All Other Shares & Deposits | 7,134,219 |
TOTAL SHARES & DEPOSITS | 20,904,540 |
TOTAL LIABILITIES | 20,960,536 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,740,890 |
TOTAL EQUITY | 2,740,890 |
TOTAL LIABILITIES, SHARES, & EQUITY | 23,701,426 |
INCOME & EXPENSE | |
Loan Income | 1,124,986 |
Investment Income | 184,494 |
Other Income | 36,748 |
Total Employee Compensation & Benefits | 674,525 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 503,921 |
Non-operating Income & (Expense) | -13,843 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 125,493 |
Cost of Funds | 152,275 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 28,530 |
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