ANDERSON FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.andfcu.com for more information.
Dec, 31, 2023 — ANDERSON FEDERAL CREDIT UNION is a federal credit union headquartered in ANDERSON, SC with 3 branch locations and about $107.49 million in total assets. Opened 71 years ago in 1953, ANDERSON FEDERAL CREDIT UNION has about 14,070 members and employs 34 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ANDERSON FEDERAL CREDIT UNION |
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Address: (Main Office) | PO BOX 2427 ANDERSON, SC 29622 |
Phone: | (864) 225-1254 |
Fax: | (864) 328-1104 |
Website: | https://www.andfcu.com |
Branches: | 3 branch locations |
Members: | 14,070 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8470 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $107,494,285 |
CEO/Manager: | ROBERT B WILSON |
Chairperson: | HUGHLYN BURGESS |
ASSETS: | $ Amount |
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Cash & Equivalents | 37,335,318 |
TOTAL INVESTMENTS | 4,789,185 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,399,329 |
Unsecured Loans | 4,481,384 |
Other Loans | 47,130,235 |
TOTAL LOANS | 59,010,948 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -420,531 |
Land And Building | 5,021,264 |
Other Fixed Assets | 484,084 |
NCUSIF Deposit | 959,411 |
All Other Assets | 314,606 |
TOTAL ASSETS | 107,494,285 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 70,085 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 702,203 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 21,014,674 |
Regular shares | 39,682,901 |
All Other Shares & Deposits | 38,682,464 |
TOTAL SHARES & DEPOSITS | 99,380,039 |
TOTAL LIABILITIES | 100,152,327 |
Regular Reserve | 1,709,914 |
Other Reserves | 0 |
Undivided Earnings | 5,632,044 |
TOTAL EQUITY | 7,341,958 |
TOTAL LIABILITIES, SHARES, & EQUITY | 107,494,285 |
INCOME & EXPENSE | |
Loan Income | 3,312,323 |
Investment Income | 123,369 |
Other Income | 1,772,009 |
Total Employee Compensation & Benefits | 1,987,141 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,201,856 |
Non-operating Income & (Expense) | -141,126 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 349,872 |
Cost of Funds | 557,918 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -1,030,212 |
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