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FEDTRUST FEDERAL CREDIT UNION

Mar, 31, 2022 — FEDTRUST FEDERAL CREDIT UNION is a federal credit union headquartered in MEMPHIS, TN with 4 branch locations and about $47.36 million in total assets. Opened 63 years ago in 1959, FEDTRUST FEDERAL CREDIT UNION has about 3,268 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:3,268
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$47,356,485
CEO/Manager:Richard A Ussery
Chairperson:David E Sirmans

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,039,919
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 16,991,894
 Unsecured Loans 2,482,254
 Other Loans 13,259,700
 TOTAL LOANS 32,733,848
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -235,115
 Land And Building 0
 Other Fixed Assets 72,402
 NCUSIF Deposit 394,310
 All Other Assets 10,400
  TOTAL ASSETS 47,356,485
LIABILITIES & CAPITAL:  
 Dividends Payable 7,016
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 80,339
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,124,715
 Regular shares 22,599,832
 All Other Shares & Deposits 12,517,932
  TOTAL SHARES & DEPOSITS 44,242,479
  TOTAL LIABILITIES 44,329,834
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 3,026,651
  TOTAL EQUITY 3,026,651
  TOTAL LIABILITIES, SHARES, & EQUITY 47,356,485
INCOME & EXPENSE  
 Loan Income 339,377
 Investment Income 5,499
 Other Income 93,740
 Total Employee Compensation & Benefits 202,673
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 213,957
 Non-operating Income & (Expense) 8,955
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 9,064
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 36,963
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