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FEDTRUST FEDERAL CREDIT UNION

Mar, 31, 2021 — FEDTRUST FEDERAL CREDIT UNION is a federal credit union headquartered in MEMPHIS, TN with 4 branch locations and about $46.36 million in total assets. Opened 62 years ago in 1959, FEDTRUST FEDERAL CREDIT UNION has about 3,281 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:FEDTRUST FEDERAL CREDIT UNION
Address:
(Main Office)
167 N MAIN ST., STE 102
MEMPHIS, TN 38103-1867
Phone:(901) 526-6778
Fax:(901) 526-8667
Website:http://www.fedtrustfcu.com
Branches:4 branch locations
Members:3,281
Credit Union Type:Federal Credit Union
Charter Number:13233
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1959
Last Audited:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$46,357,154
CEO/Manager:Richard A Ussery
Chairperson:David E Sirmans

Call Report

  • Credit Builder
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,548,865
TOTAL INVESTMENTS 11,918,378
Loans Held for Sale 0
 
 Real Estate Loans 17,014,593
 Unsecured Loans 2,363,959
 Other Loans 12,048,670
 TOTAL LOANS 31,427,222
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -310,783
 Land And Building 0
 Other Fixed Assets 109,189
 NCUSIF Deposit 394,310
 All Other Assets 269,973
  TOTAL ASSETS 46,357,154
LIABILITIES & CAPITAL:  
 Dividends Payable 16,080
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 691,399
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,405,588
 Regular shares 20,904,184
 All Other Shares & Deposits 13,392,821
  TOTAL SHARES & DEPOSITS 42,702,593
  TOTAL LIABILITIES 43,410,072
 Regular Reserve 1,186,811
 Other Reserves 0
 Undivided Earnings 1,760,271
  TOTAL EQUITY 2,947,082
  TOTAL LIABILITIES, SHARES, & EQUITY 46,357,154
INCOME & EXPENSE  
 Loan Income 366,173
 Investment Income 10,699
 Other Income 88,002
 Total Employee Compensation & Benefits 193,759
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 221,245
 Non-operating Income & (Expense) 2,800
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 21,210
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 40,715
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