Dec, 31, 2023 — FORT ROOTS FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH LITTLE ROCK, AR with 1 branch location and about $5.60 million in total assets. Opened 89 years ago in 1935, FORT ROOTS FEDERAL CREDIT UNION has about 913 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: | FORT ROOTS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2200 Fort Roots Dr Bldg 170 NORTH LITTLE ROCK, AR 72114-1709 |
| Phone: | (501) 372-4654 |
| Fax: | (501) 372-7912 |
| Website: | https://www.fortrootsfcu.com |
| Branches: | 1 branch locations |
| Members: | 913 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24430 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,603,758 |
| CEO/Manager: | Vicki E Pettit |
| Chairperson: | Christopher Baxter |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 739,308 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 366,456 |
| Other Loans | 2,483,434 |
| TOTAL LOANS | 2,849,890 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,724 |
| Land And Building | 0 |
| Other Fixed Assets | 3,373 |
| NCUSIF Deposit | 52,419 |
| All Other Assets | 24,000 |
| TOTAL ASSETS | 5,603,758 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 655 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 53,916 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,068,078 |
| Regular shares | 3,606,831 |
| All Other Shares & Deposits | 121,114 |
| TOTAL SHARES & DEPOSITS | 4,796,023 |
| TOTAL LIABILITIES | 4,850,594 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 753,164 |
| TOTAL EQUITY | 753,164 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,603,758 |
| INCOME & EXPENSE | |
| Loan Income | 162,043 |
| Investment Income | 96,545 |
| Other Income | 56,540 |
| Total Employee Compensation & Benefits | 145,865 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 105,173 |
| Non-operating Income & (Expense) | 3,750 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,654 |
| Cost of Funds | 5,351 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 57,097 |
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