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FAMILY TRUST FEDERAL CREDIT UNION

Mar, 31, 2022 — FAMILY TRUST FEDERAL CREDIT UNION is a federal credit union headquartered in ROCK HILL, SC with 7 branch locations and about $686.97 million in total assets. Opened 65 years ago in 1957, FAMILY TRUST FEDERAL CREDIT UNION has about 50,337 members and employs 156 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 TRUST FEDERAL CREDIT UNION
Address:
(Main Office)
225 White St W
ROCK HILL, SC 29730-4039
Phone:(803) 367-4100
Fax:
Website:http://www.familytrust.org
Branches:7 branch locations
Members:50,337
Credit Union Type:Federal Credit Union
Charter Number:11554
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1957
Last Audited:Mar 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$686,967,775
CEO/Manager:Penny Pratt
Chairperson:Brown Simpson, Jr

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 211,968,040
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 183,687,983
 Unsecured Loans 47,302,428
 Other Loans 185,089,880
 TOTAL LOANS 416,080,291
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,109,268
 Land And Building 16,768,098
 Other Fixed Assets 2,477,768
 NCUSIF Deposit 5,248,336
 All Other Assets 0
  TOTAL ASSETS 686,967,775
LIABILITIES & CAPITAL:  
 Dividends Payable 380,326
 Notes & Interest Payable 15,000,000
 Accounts Payable & Other Liabilities 6,006,228
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 118,743,224
 Regular shares 185,245,568
 All Other Shares & Deposits 299,046,752
  TOTAL SHARES & DEPOSITS 603,035,544
  TOTAL LIABILITIES 624,422,098
 Regular Reserve 0
 Other Reserves -1,227,324
 Undivided Earnings 63,773,001
  TOTAL EQUITY 62,545,677
  TOTAL LIABILITIES, SHARES, & EQUITY 686,967,775
INCOME & EXPENSE  
 Loan Income 4,318,249
 Investment Income 102,106
 Other Income 1,109,116
 Total Employee Compensation & Benefits 2,605,849
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,446,579
 Non-operating Income & (Expense) 138,050
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 219,650
 Cost of Funds 601,665
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 658,827
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