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FEDTRUST FEDERAL CREDIT UNION

Dec, 31, 2020 — FEDTRUST FEDERAL CREDIT UNION is a federal credit union headquartered in MEMPHIS, TN with 4 branch locations and about $44.07 million in total assets. Opened 62 years ago in 1959, FEDTRUST FEDERAL CREDIT UNION has about 3,300 members and employs 12 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:3,300
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:$44,071,783
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 1,952,714
TOTAL INVESTMENTS 8,464,106
Loans Held for Sale 0
 
 Real Estate Loans 18,567,601
 Unsecured Loans 2,547,609
 Other Loans 12,173,365
 TOTAL LOANS 33,288,575
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -331,457
 Land And Building 0
 Other Fixed Assets 124,451
 NCUSIF Deposit 335,620
 All Other Assets 237,774
  TOTAL ASSETS 44,071,783
LIABILITIES & CAPITAL:  
 Dividends Payable 18,359
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 649,670
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,196,879
 Regular shares 18,764,356
 All Other Shares & Deposits 13,536,152
  TOTAL SHARES & DEPOSITS 40,497,387
  TOTAL LIABILITIES 41,165,416
 Regular Reserve 1,144,374
 Other Reserves 0
 Undivided Earnings 1,761,993
  TOTAL EQUITY 2,906,367
  TOTAL LIABILITIES, SHARES, & EQUITY 44,071,783
INCOME & EXPENSE  
 Loan Income 1,472,816
 Investment Income 70,705
 Other Income 369,694
 Total Employee Compensation & Benefits 694,084
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 873,319
 Non-operating Income & (Expense) 1,212
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 62,000
 Cost of Funds 150,919
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 134,105
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