Dec, 31, 2023 — SUCCESS FEDERAL CREDIT UNION is a federal credit union headquartered in BLYTHEVILLE, AR with 5 branch locations and about $181.27 million in total assets. Opened 65 years ago in 1959, SUCCESS FEDERAL CREDIT UNION has about 24,190 members and employs 40 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SUCCESS FEDERAL CREDIT UNION |
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Address: (Main Office) | 411 N Broadway St BLYTHEVILLE, AR 72315 |
Phone: | (870) 763-1111 |
Fax: | (870) 763-2095 |
Website: | https://www.successcreditunion.com |
Branches: | 5 branch locations |
Members: | 24,190 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12808 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $181,266,566 |
CEO/Manager: | Sherry Gray |
Chairperson: | Chuck Ryan |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,648,412 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 40,900,985 |
Unsecured Loans | 10,758,211 |
Other Loans | 77,257,059 |
TOTAL LOANS | 130,827,100 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -898,282 |
Land And Building | 3,589,805 |
Other Fixed Assets | 274,687 |
NCUSIF Deposit | 1,602,308 |
All Other Assets | 15,177 |
TOTAL ASSETS | 181,266,566 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 580,943 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 22,295,949 |
Regular shares | 80,668,625 |
All Other Shares & Deposits | 56,301,583 |
TOTAL SHARES & DEPOSITS | 159,266,157 |
TOTAL LIABILITIES | 159,847,100 |
Regular Reserve | 0 |
Other Reserves | -4,931,281 |
Undivided Earnings | 26,350,747 |
TOTAL EQUITY | 21,419,466 |
TOTAL LIABILITIES, SHARES, & EQUITY | 181,266,566 |
INCOME & EXPENSE | |
Loan Income | 7,712,506 |
Investment Income | 660,444 |
Other Income | 2,565,319 |
Total Employee Compensation & Benefits | 2,953,962 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,856,766 |
Non-operating Income & (Expense) | -208,140 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 659,465 |
Cost of Funds | 2,184,843 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,833,169 |
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