Dec, 31, 2023 — COMBINED FEDERAL CREDIT UNION is a federal credit union headquartered in HOT SPRINGS, AR with 1 branch location and about $9.15 million in total assets. Opened 57 years ago in 1967, COMBINED FEDERAL CREDIT UNION has about 1,949 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMBINED FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 203 NASH ST HOT SPRINGS, AR 71913 |
| Phone: | (501) 623-7004 |
| Fax: | (501) 624-7068 |
| Website: | https://www.combinedfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,949 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18474 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Jul 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,154,904 |
| CEO/Manager: | Sharon Hearnsberger |
| Chairperson: | NANCY MEEKER |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 137,223 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 719,663 |
| Unsecured Loans | 639,611 |
| Other Loans | 6,731,511 |
| TOTAL LOANS | 8,090,785 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -68,553 |
| Land And Building | 328,414 |
| Other Fixed Assets | 5,449 |
| NCUSIF Deposit | 79,052 |
| All Other Assets | 41,072 |
| TOTAL ASSETS | 9,154,904 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 163,818 |
| Accounts Payable & Other Liabilities | 56,036 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 727,027 |
| Regular shares | 5,741,870 |
| All Other Shares & Deposits | 1,437,050 |
| TOTAL SHARES & DEPOSITS | 7,905,947 |
| TOTAL LIABILITIES | 8,125,801 |
| Regular Reserve | 0 |
| Other Reserves | 38,507 |
| Undivided Earnings | 990,596 |
| TOTAL EQUITY | 1,029,103 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,154,904 |
| INCOME & EXPENSE | |
| Loan Income | 471,456 |
| Investment Income | 24,683 |
| Other Income | 93,636 |
| Total Employee Compensation & Benefits | 201,611 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 225,726 |
| Non-operating Income & (Expense) | 2,393 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 82,125 |
| Cost of Funds | 65,704 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 38,238 |
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» See also Statement of Financial Condition