Dec, 31, 2023 — FORT ROOTS FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH LITTLE ROCK, AR with 1 branch location and about $5.60 million in total assets. Opened 89 years ago in 1935, FORT ROOTS FEDERAL CREDIT UNION has about 913 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: | FORT ROOTS FEDERAL CREDIT UNION |
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Address: (Main Office) | 2200 Fort Roots Dr Bldg 170 NORTH LITTLE ROCK, AR 72114-1709 |
Phone: | (501) 372-4654 |
Fax: | (501) 372-7912 |
Website: | https://www.fortrootsfcu.com |
Branches: | 1 branch locations |
Members: | 913 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24430 |
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Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,603,758 |
CEO/Manager: | Vicki E Pettit |
Chairperson: | Christopher Baxter |
ASSETS: | $ Amount |
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Cash & Equivalents | 739,308 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 366,456 |
Other Loans | 2,483,434 |
TOTAL LOANS | 2,849,890 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,724 |
Land And Building | 0 |
Other Fixed Assets | 3,373 |
NCUSIF Deposit | 52,419 |
All Other Assets | 24,000 |
TOTAL ASSETS | 5,603,758 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 655 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 53,916 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,068,078 |
Regular shares | 3,606,831 |
All Other Shares & Deposits | 121,114 |
TOTAL SHARES & DEPOSITS | 4,796,023 |
TOTAL LIABILITIES | 4,850,594 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 753,164 |
TOTAL EQUITY | 753,164 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,603,758 |
INCOME & EXPENSE | |
Loan Income | 162,043 |
Investment Income | 96,545 |
Other Income | 56,540 |
Total Employee Compensation & Benefits | 145,865 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 105,173 |
Non-operating Income & (Expense) | 3,750 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,654 |
Cost of Funds | 5,351 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 57,097 |
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