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 |
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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 |
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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 |
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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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