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1ST COOPERATIVE FEDERAL CREDIT UNION

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.


ABA Routing Number: 253278333
Name:1ST COOPERATIVE FEDERAL CREDIT UNION
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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