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FRIENDS FEDERAL CREDIT UNION

Dec, 31, 2020 — FRIENDS FEDERAL CREDIT UNION is a federal credit union headquartered in NORMAN, OK with 1 branch location and about $10.07 million in total assets. Opened 60 years ago in 1961, FRIENDS FEDERAL CREDIT UNION has about 1,520 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:FRIENDS FEDERAL CREDIT UNION
Address:
(Main Office)
3100 NORTHWEST BOULEVARD
NORMAN, OK 73072-4115
Phone:(405) 701-1330
Fax:(405) 310-6423
Website:n/a
Branches:1 branch locations
Members:1,520
Credit Union Type:Federal Credit Union
Charter Number:14250
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1961
Last Audited:Nov 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$10,074,607
CEO/Manager:Michelle L Rouse
Chairperson:Mark Tracey

Call Report

  • Risk Based Loans
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,509,738
TOTAL INVESTMENTS 846,216
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 938,648
 Other Loans 4,627,254
 TOTAL LOANS 5,565,902
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -276,203
 Land And Building 361,366
 Other Fixed Assets 9,932
 NCUSIF Deposit 52,094
 All Other Assets 5,562
  TOTAL ASSETS 10,074,607
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -173,839
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 411,226
 Regular shares 9,306,479
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 9,717,705
  TOTAL LIABILITIES 9,543,866
 Regular Reserve 220,000
 Other Reserves 0
 Undivided Earnings 310,741
  TOTAL EQUITY 530,741
  TOTAL LIABILITIES, SHARES, & EQUITY 10,074,607
INCOME & EXPENSE  
 Loan Income 566,061
 Investment Income 24,736
 Other Income 100,200
 Total Employee Compensation & Benefits 211,601
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 313,443
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 242,194
 Cost of Funds 129,399
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -205,640
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