Dec, 31, 2023 — ELECTRIC COOPERATIVES FEDERAL CREDIT UNION is a federal credit union headquartered in LITTLE ROCK, AR with 1 branch location and about $15.73 million in total assets. Opened 45 years ago in 1979, ELECTRIC COOPERATIVES FEDERAL CREDIT UNION has about 2,838 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ELECTRIC COOPERATIVES FEDERAL CREDIT UNION |
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Address: (Main Office) | 1 Cooperative Way LITTLE ROCK, AR 72209 |
Phone: | (501) 570-2396 |
Fax: | (501) 570-2393 |
Website: | https://www.electriccoopfcu.org |
Branches: | 1 branch locations |
Members: | 2,838 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23361 |
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Membership Type: | Service - Communications and Utilities |
Corporate Credit Union: | No |
Year Opened: | 1979 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $15,727,612 |
CEO/Manager: | Windy Campbell |
Chairperson: | Lacey Johnson |
ASSETS: | $ Amount |
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Cash & Equivalents | 776,465 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,732,475 |
Other Loans | 8,530,674 |
TOTAL LOANS | 10,263,149 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -43,608 |
Land And Building | 0 |
Other Fixed Assets | 6,699 |
NCUSIF Deposit | 148,578 |
All Other Assets | 0 |
TOTAL ASSETS | 15,727,612 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 40,855 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,508,008 |
Regular shares | 4,833,022 |
All Other Shares & Deposits | 6,292,655 |
TOTAL SHARES & DEPOSITS | 13,633,685 |
TOTAL LIABILITIES | 13,674,540 |
Regular Reserve | 0 |
Other Reserves | 280,770 |
Undivided Earnings | 1,772,302 |
TOTAL EQUITY | 2,053,072 |
TOTAL LIABILITIES, SHARES, & EQUITY | 15,727,612 |
INCOME & EXPENSE | |
Loan Income | 657,694 |
Investment Income | 264,005 |
Other Income | 40,600 |
Total Employee Compensation & Benefits | 297,152 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 533,242 |
Non-operating Income & (Expense) | 748 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 41,962 |
Cost of Funds | 56,725 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 223,591 |
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