Dec, 31, 2023 — FIRST EDUCATION FEDERAL CREDIT UNION is a federal credit union headquartered in CHEYENNE, WY with 1 branch location and about $81.32 million in total assets. Opened 77 years ago in 1947, FIRST EDUCATION FEDERAL CREDIT UNION has about 5,614 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST EDUCATION FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 120 W Carlson St CHEYENNE, WY 82009 |
| Phone: | (307) 432-7400 |
| Fax: | (307) 637-3022 |
| Website: | https://firstedfcu.com |
| Branches: | 1 branch locations |
| Members: | 5,614 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5465 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $81,319,288 |
| CEO/Manager: | James O Yates |
| Chairperson: | Dan Sawyer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,115,943 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,295,274 |
| Unsecured Loans | 3,406,303 |
| Other Loans | 14,026,740 |
| TOTAL LOANS | 28,728,317 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -95,491 |
| Land And Building | 294,750 |
| Other Fixed Assets | 35,380 |
| NCUSIF Deposit | 742,775 |
| All Other Assets | 28,393 |
| TOTAL ASSETS | 81,319,288 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 793,790 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,176,731 |
| Regular shares | 40,977,468 |
| All Other Shares & Deposits | 15,765,070 |
| TOTAL SHARES & DEPOSITS | 73,919,269 |
| TOTAL LIABILITIES | 74,713,059 |
| Regular Reserve | 0 |
| Other Reserves | 945,227 |
| Undivided Earnings | 5,661,002 |
| TOTAL EQUITY | 6,606,229 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 81,319,288 |
| INCOME & EXPENSE | |
| Loan Income | 1,476,314 |
| Investment Income | 546,241 |
| Other Income | 236,211 |
| Total Employee Compensation & Benefits | 1,037,717 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,425,329 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 55,000 |
| Cost of Funds | 106,267 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 257,937 |
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