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UNITED METHODIST FIRST CHOICE FEDERAL CREDIT UNION

Dec, 31, 2020 — UNITED METHODIST FIRST CHOICE FEDERAL CREDIT UNION is a federal credit union headquartered in RAPID CITY, SD with 1 branch location and about $4.99 million in total assets. Opened 54 years ago in 1967, UNITED METHODIST FIRST CHOICE FEDERAL CREDIT UNION has about 942 members and employs 7 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: 322280906
Name:UNITED METHODIST FIRST CHOICE FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 5540
RAPID CITY, SD 57709
Phone:(605) 348-5753
Fax:(605) 342-6441
Website:http://www.umfirstchoicefcu.org
Branches:1 branch locations
Members:942
Credit Union Type:Federal Credit Union
Charter Number:18057
Membership Type:Multiple common bond - Primarily faith based
Corporate Credit Union:No
Year Opened:1967
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$4,990,555
CEO/Manager:Karen Lantz
Chairperson:John McKnight

Call Report

  • Commercial Loans
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,212,013
TOTAL INVESTMENTS 5,631
Loans Held for Sale 0
 
 Real Estate Loans 2,606,592
 Unsecured Loans 165,671
 Other Loans 773,631
 TOTAL LOANS 3,545,894
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,378
 Land And Building 101,507
 Other Fixed Assets 58,925
 NCUSIF Deposit 43,119
 All Other Assets 24,844
  TOTAL ASSETS 4,990,555
LIABILITIES & CAPITAL:  
 Dividends Payable 573
 Notes & Interest Payable 20,000
 Accounts Payable & Other Liabilities 4,644
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 40,000
 Share Drafts 1,306,552
 Regular shares 2,863,790
 All Other Shares & Deposits 426,205
  TOTAL SHARES & DEPOSITS 4,596,547
  TOTAL LIABILITIES 4,661,764
 Regular Reserve 240,860
 Other Reserves 0
 Undivided Earnings 87,931
  TOTAL EQUITY 328,791
  TOTAL LIABILITIES, SHARES, & EQUITY 4,990,555
INCOME & EXPENSE  
 Loan Income 85,445
 Investment Income 2,026
 Other Income 41,006
 Total Employee Compensation & Benefits 58,563
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 59,775
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 580
 Cost of Funds 3,495
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,064
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