Dec, 31, 2023 — FORT BRAGG FEDERAL CREDIT UNION is a federal credit union headquartered in FORT BRAGG, NC with 5 branch locations and about $579.86 million in total assets. Opened 64 years ago in 1960, FORT BRAGG FEDERAL CREDIT UNION has about 39,570 members and employs 73 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FORT BRAGG FEDERAL CREDIT UNION |
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Address: (Main Office) | 4172 Hefner Dr FORT BRAGG, NC 28310 |
Phone: | (910) 487-8200 |
Fax: | (910) 487-8204 |
Website: | https://www.myfortlibertyfcu.org |
Branches: | 5 branch locations |
Members: | 39,570 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13690 |
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Membership Type: | Multiple common bond - Primarily military |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $579,864,305 |
CEO/Manager: | Todd G Kenthack |
Chairperson: | Herbert L Swarts |
ASSETS: | $ Amount |
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Cash & Equivalents | 43,728,890 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 163,273,736 |
Unsecured Loans | 20,293,206 |
Other Loans | 235,421,677 |
TOTAL LOANS | 418,988,619 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,555,144 |
Land And Building | 11,308,489 |
Other Fixed Assets | 5,025,958 |
NCUSIF Deposit | 4,522,802 |
All Other Assets | 1,026,118 |
TOTAL ASSETS | 579,864,305 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 25,000,000 |
Accounts Payable & Other Liabilities | 8,011,401 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 140,968,818 |
Regular shares | 224,796,373 |
All Other Shares & Deposits | 115,984,808 |
TOTAL SHARES & DEPOSITS | 481,749,999 |
TOTAL LIABILITIES | 514,761,400 |
Regular Reserve | 0 |
Other Reserves | -4,294,885 |
Undivided Earnings | 69,397,790 |
TOTAL EQUITY | 65,102,905 |
TOTAL LIABILITIES, SHARES, & EQUITY | 579,864,305 |
INCOME & EXPENSE | |
Loan Income | 19,581,322 |
Investment Income | 2,185,118 |
Other Income | 3,932,937 |
Total Employee Compensation & Benefits | 6,537,428 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,685,245 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,578,017 |
Cost of Funds | 5,568,756 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 7,001,411 |
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