Credit Unions Near Me
National Credit Union Service Organization

SOLUTIONS FIRST FEDERAL CREDIT UNION

Dec, 31, 2020 — SOLUTIONS FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in ENTERPRISE, AL with 1 branch location and about $36.28 million in total assets. Opened 57 years ago in 1964, SOLUTIONS FIRST FEDERAL CREDIT UNION has about 4,110 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 262184078
Name:SOLUTIONS FIRST FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 311990
ENTERPRISE, AL 36331
Phone:(334) 347-9000
Fax:(334) 347-1074
Website:http://www.solutionsfirstcu.com
Branches:1 branch locations
Members:4,110
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$36,283,008
CEO/Manager:Frank Garrett
Chairperson:Chester Nolin

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,309,485
TOTAL INVESTMENTS 14,383,578
Loans Held for Sale 0
 
 Real Estate Loans 4,258,824
 Unsecured Loans 3,237,576
 Other Loans 9,536,306
 TOTAL LOANS 17,032,706
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -195,341
 Land And Building 1,089,269
 Other Fixed Assets 75,665
 NCUSIF Deposit 300,984
 All Other Assets 286,662
  TOTAL ASSETS 36,283,008
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 218,314
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,013,655
 Regular shares 13,434,505
 All Other Shares & Deposits 14,364,489
  TOTAL SHARES & DEPOSITS 32,812,649
  TOTAL LIABILITIES 33,030,963
 Regular Reserve 549,652
 Other Reserves 146,194
 Undivided Earnings 2,556,199
  TOTAL EQUITY 3,252,045
  TOTAL LIABILITIES, SHARES, & EQUITY 36,283,008
INCOME & EXPENSE  
 Loan Income 947,048
 Investment Income 318,978
 Other Income 638,126
 Total Employee Compensation & Benefits 761,606
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 799,699
 Non-operating Income & (Expense) 12,435
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 897
 Cost of Funds 222,219
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 132,166
↑ Back to Top

Other Credit Unions

PIKE TEACHERS CREDIT UNION
501 University AVe
TROY, AL 36082
ANDALUSIA MILLS EMPLOYEES CREDIT UNION
200 WAITS DR
ANDALUSIA, AL 36421
TVH FEDERAL CREDIT UNION
P.O. BOX 2151
TUSKEGEE, AL 36083
MONTGOMERY VA FEDERAL CREDIT UNION
345 PERRY HILL RD
MONTGOMERY, AL 36109
OPP-MICOLAS CREDIT UNION
P O DRAWER 70
OPP, AL 36467-0070
COVINGTON SCHOOLS FEDERAL CREDIT UNION
PO BOX 442
ANDALUSIA, AL 36420
BREWTON MILL FEDERAL CREDIT UNION
P.O. BOX 907
BREWTON, AL 36427
FEDMONT FEDERAL CREDIT UNION
330 EASTDALE CIR
MONTGOMERY, AL 36117
TUSKEGEE FEDERAL CREDIT UNION
304 W MONTGOMERY RD.
TUSKEGEE, AL 36083-1520
ALABAMA RURAL ELECTRIC CREDIT UNION
PO BOX 240547
MONTGOMERY, AL 36124