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FRIENDS FEDERAL CREDIT UNION

Mar, 31, 2021 — FRIENDS FEDERAL CREDIT UNION is a federal credit union headquartered in NORMAN, OK with 1 branch location and about $10.34 million in total assets. Opened 60 years ago in 1961, FRIENDS FEDERAL CREDIT UNION has about 1,531 members and employs 3 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:1,531
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:$10,339,772
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 3,349,621
TOTAL INVESTMENTS 1,592,216
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 918,344
 Other Loans 4,259,911
 TOTAL LOANS 5,178,255
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -242,350
 Land And Building 356,117
 Other Fixed Assets 8,604
 NCUSIF Deposit 74,305
 All Other Assets 23,004
  TOTAL ASSETS 10,339,772
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 103,099
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 458,571
 Regular shares 9,517,326
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 9,975,897
  TOTAL LIABILITIES 10,078,996
 Regular Reserve 220,000
 Other Reserves 0
 Undivided Earnings 40,776
  TOTAL EQUITY 260,776
  TOTAL LIABILITIES, SHARES, & EQUITY 10,339,772
INCOME & EXPENSE  
 Loan Income 130,480
 Investment Income 2,428
 Other Income 46,019
 Total Employee Compensation & Benefits 37,998
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 284,101
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 76,400
 Cost of Funds 50,393
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -269,965
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