Dec, 31, 2023 — FREEDOM 1ST FEDERAL CREDIT UNION is a federal credit union headquartered in MCCONNELL AFB, KS with 1 branch location and about $42.70 million in total assets. Opened 67 years ago in 1957, FREEDOM 1ST FEDERAL CREDIT UNION has about 2,361 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FREEDOM 1ST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 57915 Leavenworth St MCCONNELL AFB, KS 67221 |
| Phone: | (316) 685-0205 |
| Fax: | (316) 685-7191 |
| Website: | https://www.freedom1stfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,361 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11643 |
|---|---|
| Membership Type: | Military |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $42,697,660 |
| CEO/Manager: | Ronda K Posch |
| Chairperson: | Rick Durham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,354,311 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 457,766 |
| Unsecured Loans | 269,506 |
| Other Loans | 6,140,126 |
| TOTAL LOANS | 6,867,398 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -37,603 |
| Land And Building | 287,095 |
| Other Fixed Assets | 14,356 |
| NCUSIF Deposit | 352,179 |
| All Other Assets | 0 |
| TOTAL ASSETS | 42,697,660 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 107 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 275,244 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,302,755 |
| Regular shares | 17,932,364 |
| All Other Shares & Deposits | 6,474,814 |
| TOTAL SHARES & DEPOSITS | 35,709,933 |
| TOTAL LIABILITIES | 35,985,284 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,712,376 |
| TOTAL EQUITY | 6,712,376 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 42,697,660 |
| INCOME & EXPENSE | |
| Loan Income | 417,897 |
| Investment Income | 904,937 |
| Other Income | 59,884 |
| Total Employee Compensation & Benefits | 431,660 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 381,445 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -5,100 |
| Cost of Funds | 53,789 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 648,362 |
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