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FIRST RELIANCE FEDERAL CREDIT UNION

Dec, 31, 2020 — FIRST RELIANCE FEDERAL CREDIT UNION is a federal credit union headquartered in ATHENS, GA with 1 branch location and about $15.56 million in total assets. Opened 50 years ago in 1971, FIRST RELIANCE FEDERAL CREDIT UNION has about 2,991 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:FIRST RELIANCE FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 80505
ATHENS, GA 30608
Phone:(706) 613-1644
Fax:(706) 613-1950
Website:http://www.firstreliancefcu.org
Branches:1 branch locations
Members:2,991
Credit Union Type:Federal Credit Union
Charter Number:20707
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1971
Last Audited:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$15,563,901
CEO/Manager:DINA W THOMAS
Chairperson:DEWEY BAKER

Call Report

  • Credit Builder
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,340,295
TOTAL INVESTMENTS 5,957,333
Loans Held for Sale 0
 
 Real Estate Loans 428,652
 Unsecured Loans 811,763
 Other Loans 4,034,137
 TOTAL LOANS 5,633,143
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -56,146
 Land And Building 439,014
 Other Fixed Assets 32,258
 NCUSIF Deposit 113,103
 All Other Assets 104,901
  TOTAL ASSETS 15,563,901
LIABILITIES & CAPITAL:  
 Dividends Payable 656
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 112,041
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,461,682
 Regular shares 7,340,715
 All Other Shares & Deposits 4,089,600
  TOTAL SHARES & DEPOSITS 13,891,997
  TOTAL LIABILITIES 14,004,694
 Regular Reserve 247,493
 Other Reserves 76,041
 Undivided Earnings 1,235,673
  TOTAL EQUITY 1,559,207
  TOTAL LIABILITIES, SHARES, & EQUITY 15,563,901
INCOME & EXPENSE  
 Loan Income 391,753
 Investment Income 95,317
 Other Income 205,278
 Total Employee Compensation & Benefits 208,848
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 372,198
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 41,000
 Cost of Funds 15,362
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 54,940
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