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FEDTRUST FEDERAL CREDIT UNION

Jun, 30, 2023 — FEDTRUST FEDERAL CREDIT UNION is a federal credit union headquartered in MEMPHIS, TN with 4 branch locations and about $48.89 million in total assets. Opened 65 years ago in 1959, FEDTRUST FEDERAL CREDIT UNION has about 3,180 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:https://www.fedtrustfcu.com
Branches:4 branch locations
Members:3,180
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$48,892,065
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 1,782,258
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 18,420,753
 Unsecured Loans 2,628,866
 Other Loans 14,781,713
 TOTAL LOANS 35,831,332
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -259,620
 Land And Building 0
 Other Fixed Assets 43,568
 NCUSIF Deposit 418,396
 All Other Assets 9,650
  TOTAL ASSETS 48,892,065
LIABILITIES & CAPITAL:  
 Dividends Payable 6,731
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 714,128
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,385,859
 Regular shares 23,769,507
 All Other Shares & Deposits 12,817,238
  TOTAL SHARES & DEPOSITS 44,972,604
  TOTAL LIABILITIES 45,693,463
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 3,198,602
  TOTAL EQUITY 3,198,602
  TOTAL LIABILITIES, SHARES, & EQUITY 48,892,065
INCOME & EXPENSE  
 Loan Income 1,074,131
 Investment Income 65,822
 Other Income 297,258
 Total Employee Compensation & Benefits 538,616
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 684,037
 Non-operating Income & (Expense) -9,159
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 27,053
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 208,914
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