UNITED METHODIST FIRST CHOICE FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.umfirstchoicefcu.org for more information.
Dec, 31, 2023 — UNITED METHODIST FIRST CHOICE FEDERAL CREDIT UNION is a federal credit union headquartered in RAPID CITY, SD with 1 branch location and about $4.99 million in total assets. Opened 57 years ago in 1967, UNITED METHODIST FIRST CHOICE FEDERAL CREDIT UNION has about 942 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UNITED METHODIST FIRST CHOICE FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | PO BOX 5540 RAPID CITY, SD 57709 |
Phone: | (605) 348-5753 |
Fax: | (605) 342-6441 |
Website: | https://www.umfirstchoicefcu.org |
Branches: | 1 branch locations |
Members: | 942 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 18057 |
---|---|
Membership Type: | Multiple common bond - Primarily faith based |
Corporate Credit Union: | No |
Year Opened: | 1967 |
Last Audited: | Dec 01, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,990,555 |
CEO/Manager: | Karen Lantz |
Chairperson: | John McKnight |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 1,212,013 |
TOTAL INVESTMENTS | 5,631 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,606,592 |
Unsecured Loans | 165,671 |
Other Loans | 773,631 |
TOTAL LOANS | 3,545,894 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,378 |
Land And Building | 101,507 |
Other Fixed Assets | 58,925 |
NCUSIF Deposit | 43,119 |
All Other Assets | 24,844 |
TOTAL ASSETS | 4,990,555 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 573 |
Notes & Interest Payable | 20,000 |
Accounts Payable & Other Liabilities | 4,644 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 40,000 |
Share Drafts | 1,306,552 |
Regular shares | 2,863,790 |
All Other Shares & Deposits | 426,205 |
TOTAL SHARES & DEPOSITS | 4,596,547 |
TOTAL LIABILITIES | 4,661,764 |
Regular Reserve | 240,860 |
Other Reserves | 0 |
Undivided Earnings | 87,931 |
TOTAL EQUITY | 328,791 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,990,555 |
INCOME & EXPENSE | |
Loan Income | 85,445 |
Investment Income | 2,026 |
Other Income | 41,006 |
Total Employee Compensation & Benefits | 58,563 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 59,775 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 580 |
Cost of Funds | 3,495 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,064 |
↑ Back to Top |