Dec, 31, 2022 — COMBINED FEDERAL CREDIT UNION is a federal credit union headquartered in HOT SPRINGS, AR with 1 branch location and about $9.62 million in total assets. Opened 56 years ago in 1967, COMBINED FEDERAL CREDIT UNION has about 1,866 members and employs 3 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: | 1,866 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,615,133 |
| CEO/Manager: | Sharon Hearnsberger |
| Chairperson: | NANCY MEEKER |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 788,022 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 319,305 |
| Unsecured Loans | 419,945 |
| Other Loans | 5,145,085 |
| TOTAL LOANS | 5,884,335 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -21,944 |
| Land And Building | 346,624 |
| Other Fixed Assets | 1,301 |
| NCUSIF Deposit | 79,570 |
| All Other Assets | 10,579 |
| TOTAL ASSETS | 9,615,133 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 35 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 56,608 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 926,526 |
| Regular shares | 6,790,895 |
| All Other Shares & Deposits | 873,954 |
| TOTAL SHARES & DEPOSITS | 8,591,375 |
| TOTAL LIABILITIES | 8,648,018 |
| Regular Reserve | 0 |
| Other Reserves | 38,507 |
| Undivided Earnings | 928,608 |
| TOTAL EQUITY | 967,115 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,615,133 |
| INCOME & EXPENSE | |
| Loan Income | 246,580 |
| Investment Income | 10,057 |
| Other Income | 67,257 |
| Total Employee Compensation & Benefits | 173,955 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 166,358 |
| Non-operating Income & (Expense) | -2,693 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 581 |
| Cost of Funds | 15,057 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 72,478 |
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