Mar, 31, 2021 — TEAM FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in LANCASTER, PA with 1 branch location and about $10.84 million in total assets. Opened 59 years ago in 1962, TEAM FIRST FEDERAL CREDIT UNION has about 1,036 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TEAM FIRST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 111 CENTERVILLE RD LANCASTER, PA 17603 |
| Phone: | (717) 824-3669 |
| Fax: | (717) 824-3567 |
| Website: | http://www.teamfirstfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,036 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14829 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Nov 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,844,022 |
| CEO/Manager: | Caren M Morris |
| Chairperson: | Michael Douglas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,333,400 |
| TOTAL INVESTMENTS | 5,380,666 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,200,490 |
| Unsecured Loans | 511,929 |
| Other Loans | 1,091,995 |
| TOTAL LOANS | 3,804,414 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -87,080 |
| Land And Building | 187,591 |
| Other Fixed Assets | 12,884 |
| NCUSIF Deposit | 74,344 |
| All Other Assets | 137,803 |
| TOTAL ASSETS | 10,844,022 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,312 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,130,747 |
| Regular shares | 5,669,231 |
| All Other Shares & Deposits | 2,392,887 |
| TOTAL SHARES & DEPOSITS | 9,192,865 |
| TOTAL LIABILITIES | 9,194,177 |
| Regular Reserve | 223,592 |
| Other Reserves | 0 |
| Undivided Earnings | 1,426,253 |
| TOTAL EQUITY | 1,649,845 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,844,022 |
| INCOME & EXPENSE | |
| Loan Income | 47,089 |
| Investment Income | 14,362 |
| Other Income | 2,231 |
| Total Employee Compensation & Benefits | 37,043 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 54,816 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -4,075 |
| Cost of Funds | 6,184 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,036 |
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