Dec, 31, 2023 — LIVING IN FULFILLMENT EVERYDAY FEDERAL CREDIT UNION is a federal credit union headquartered in DENTON, TX with 2 branch locations and about $21.28 million in total assets. Opened 51 years ago in 1973, LIVING IN FULFILLMENT EVERYDAY FEDERAL CREDIT UNION has about 2,024 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LIVING IN FULFILLMENT EVERYDAY FEDERAL CREDIT UNION |
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Address: (Main Office) | 3351 Unicorn Lake Blvd DENTON, TX 76210 |
Phone: | (940) 565-5423 |
Fax: | (940) 565-6415 |
Website: | https://www.lifefcu.com |
Branches: | 2 branch locations |
Members: | 2,024 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21279 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1973 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $21,278,952 |
CEO/Manager: | Dustin Fuller |
Chairperson: | Anita J Winkles |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,004,119 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 11,076,923 |
Unsecured Loans | 1,270,464 |
Other Loans | 6,256,639 |
TOTAL LOANS | 18,604,026 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -287,735 |
Land And Building | 857,914 |
Other Fixed Assets | 67,418 |
NCUSIF Deposit | 205,777 |
All Other Assets | 562,480 |
TOTAL ASSETS | 21,278,952 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,846 |
Notes & Interest Payable | 2,547,014 |
Accounts Payable & Other Liabilities | 87,444 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 200,000 |
Share Drafts | 4,509,923 |
Regular shares | 4,910,488 |
All Other Shares & Deposits | 7,788,308 |
TOTAL SHARES & DEPOSITS | 17,208,719 |
TOTAL LIABILITIES | 20,046,023 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,232,929 |
TOTAL EQUITY | 1,232,929 |
TOTAL LIABILITIES, SHARES, & EQUITY | 21,278,952 |
INCOME & EXPENSE | |
Loan Income | 1,435,819 |
Investment Income | 4,072 |
Other Income | 192,488 |
Total Employee Compensation & Benefits | 512,200 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 909,183 |
Non-operating Income & (Expense) | -13,291 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 237,466 |
Cost of Funds | 497,430 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -523,992 |
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