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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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