Dec, 31, 2023 — FAMILY SECURITY CREDIT UNION is a federally insured state chartered credit union headquartered in DECATUR, AL with 23 branch locations and about $930.54 million in total assets. Opened 71 years ago in 1953, FAMILY SECURITY CREDIT UNION has about 88,574 members and employs 219 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FAMILY SECURITY CREDIT UNION |
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Address: (Main Office) | 2204 Family Security Pl SW DECATUR, AL 35603 |
Phone: | (256) 340-2000 |
Fax: | (256) 353-9740 |
Website: | https://myfscu.com |
Branches: | 23 branch locations |
Members: | 88,574 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60605 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $930,544,552 |
CEO/Manager: | Shane Nobbley |
Chairperson: | James W Jeffreys |
ASSETS: | $ Amount |
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Cash & Equivalents | 159,795,231 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 61,319,257 |
Unsecured Loans | 21,702,550 |
Other Loans | 372,282,734 |
TOTAL LOANS | 455,304,541 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,909,789 |
Land And Building | 30,247,478 |
Other Fixed Assets | 797,489 |
NCUSIF Deposit | 7,901,864 |
All Other Assets | 371,021 |
TOTAL ASSETS | 930,544,552 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 10,848,473 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 150,468,389 |
Regular shares | 338,946,804 |
All Other Shares & Deposits | 287,388,480 |
TOTAL SHARES & DEPOSITS | 776,803,672 |
TOTAL LIABILITIES | 787,652,145 |
Regular Reserve | 0 |
Other Reserves | -20,971,879 |
Undivided Earnings | 163,864,286 |
TOTAL EQUITY | 142,892,407 |
TOTAL LIABILITIES, SHARES, & EQUITY | 930,544,552 |
INCOME & EXPENSE | |
Loan Income | 22,418,559 |
Investment Income | 14,928,267 |
Other Income | 8,241,055 |
Total Employee Compensation & Benefits | 15,569,433 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 11,607,171 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,909,789 |
Cost of Funds | 6,403,250 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 18,426,487 |
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