Dec, 31, 2023 — FIBRE FEDERAL CREDIT UNION is a federal credit union headquartered in LONGVIEW, WA with 16 branch locations and about $1.63 billion in total assets. Opened 87 years ago in 1937, FIBRE FEDERAL CREDIT UNION has about 116,884 members and employs 322 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIBRE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 796 Commerce Ave LONGVIEW, WA 98632-2459 |
| Phone: | (360) 423-8750 |
| Fax: | (360) 414-4202 |
| Website: | https://www.fibrecu.com |
| Branches: | 16 branch locations |
| Members: | 116,884 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2191 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,632,635,391 |
| CEO/Manager: | Christopher Bradberry |
| Chairperson: | Jerry Howell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 151,002,643 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 198,008 |
| Real Estate Loans | 579,253,028 |
| Unsecured Loans | 83,051,517 |
| Other Loans | 496,586,253 |
| TOTAL LOANS | 1,158,890,798 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,918,123 |
| Land And Building | 39,317,856 |
| Other Fixed Assets | 5,025,440 |
| NCUSIF Deposit | 13,638,873 |
| All Other Assets | 1,092,173 |
| TOTAL ASSETS | 1,632,635,391 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 24,054,198 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 377,022,268 |
| Regular shares | 578,427,933 |
| All Other Shares & Deposits | 456,713,117 |
| TOTAL SHARES & DEPOSITS | 1,412,163,318 |
| TOTAL LIABILITIES | 1,436,217,516 |
| Regular Reserve | 0 |
| Other Reserves | -9,172,356 |
| Undivided Earnings | 205,590,231 |
| TOTAL EQUITY | 196,417,875 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,632,635,391 |
| INCOME & EXPENSE | |
| Loan Income | 53,900,646 |
| Investment Income | 11,909,369 |
| Other Income | 17,958,559 |
| Total Employee Compensation & Benefits | 33,107,509 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 22,388,729 |
| Non-operating Income & (Expense) | 5,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,266,396 |
| Cost of Funds | 14,199,149 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 15,101,318 |
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» See also Statement of Financial Condition