Dec, 31, 2020 — FREEDOM 1ST FEDERAL CREDIT UNION is a federal credit union headquartered in MCCONNELL AFB, KS with 1 branch location and about $38.27 million in total assets. Opened 64 years ago in 1957, FREEDOM 1ST FEDERAL CREDIT UNION has about 2,729 members and employs 8 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: | http://www.freedom1stfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,729 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11643 |
|---|---|
| Membership Type: | Military |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $38,268,641 |
| CEO/Manager: | Ronda K Posch |
| Chairperson: | Rick Durham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,985,894 |
| TOTAL INVESTMENTS | 17,403,892 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 316,556 |
| Unsecured Loans | 338,116 |
| Other Loans | 8,359,004 |
| TOTAL LOANS | 9,013,676 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,196 |
| Land And Building | 349,239 |
| Other Fixed Assets | 49,585 |
| NCUSIF Deposit | 284,689 |
| All Other Assets | 215,862 |
| TOTAL ASSETS | 38,268,641 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 11 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 293,588 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,329,458 |
| Regular shares | 15,822,477 |
| All Other Shares & Deposits | 7,265,866 |
| TOTAL SHARES & DEPOSITS | 32,417,801 |
| TOTAL LIABILITIES | 32,711,400 |
| Regular Reserve | 660,044 |
| Other Reserves | 0 |
| Undivided Earnings | 4,897,197 |
| TOTAL EQUITY | 5,557,241 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 38,268,641 |
| INCOME & EXPENSE | |
| Loan Income | 449,485 |
| Investment Income | 507,633 |
| Other Income | 168,893 |
| Total Employee Compensation & Benefits | 422,384 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 387,669 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,200 |
| Cost of Funds | 65,843 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 240,915 |
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