Sep, 30, 2025 — SOLUTIONS FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in ENTERPRISE, AL with 2 branch locations and about $44.56 million in total assets. Opened 62 years ago in 1964, SOLUTIONS FIRST FEDERAL CREDIT UNION has about 4,958 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOLUTIONS FIRST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1108 Boll Weevil Cir ENTERPRISE, AL 36330-1388 |
| Phone: | (334) 347-9000 |
| Fax: | (334) 347-1074 |
| Website: | https://www.solutionsfirstcu.com |
| Branches: | 2 branch locations |
| Members: | 4,958 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16556 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Mar 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $44,555,765 |
| CEO/Manager: | Jennifer E Foshee |
| Chairperson: | Chester Nolin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,215,342 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,856,557 |
| Unsecured Loans | 2,796,773 |
| Other Loans | 16,709,770 |
| TOTAL LOANS | 21,363,099 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -289,715 |
| Land And Building | 1,806,454 |
| Other Fixed Assets | 198,607 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 431,849 |
| All Other Assets | 0 |
| TOTAL ASSETS | 44,555,765 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8,909 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 295,427 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,163,211 |
| Regular shares | 12,775,032 |
| All Other Shares & Deposits | 22,540,574 |
| TOTAL SHARES & DEPOSITS | 41,478,817 |
| TOTAL LIABILITIES | 41,783,153 |
| Regular Reserve | 0 |
| Other Reserves | -247,707 |
| Undivided Earnings | 3,020,319 |
| TOTAL EQUITY | 2,772,612 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 44,555,765 |
| INCOME & EXPENSE | |
| Loan Income | 1,165,207 |
| Investment Income | 498,933 |
| Other Income | 340,831 |
| Total Employee Compensation & Benefits | 459,873 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 993,056 |
| Non-operating Income & (Expense) | 134,670 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 133,271 |
| Cost of Funds | 625,946 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 146,641 |
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