Jun, 30, 2024 — 1ST COOPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in CAYCE, SC with 1 branch location and about $22.21 million in total assets. Opened 54 years ago in 1970, 1ST COOPERATIVE FEDERAL CREDIT UNION has about 2,423 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: | 1ST COOPERATIVE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 808 Knox Abbott Dr CAYCE, SC 29033-3318 |
| Phone: | (803) 796-0234 |
| Fax: | (803) 926-3177 |
| Website: | https://www.1stcooperative.com |
| Branches: | 1 branch locations |
| Members: | 2,423 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24627 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,208,485 |
| CEO/Manager: | Ashley Y Beach Reid |
| Chairperson: | Keith Avery |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,653,988 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 255,101 |
| Unsecured Loans | 3,455,578 |
| Other Loans | 10,850,971 |
| TOTAL LOANS | 14,561,650 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -41,976 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 189,774 |
| All Other Assets | 0 |
| TOTAL ASSETS | 22,208,485 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,565 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 95,301 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,718,560 |
| Regular shares | 15,019,576 |
| All Other Shares & Deposits | 2,644,767 |
| TOTAL SHARES & DEPOSITS | 19,382,903 |
| TOTAL LIABILITIES | 19,481,769 |
| Regular Reserve | 0 |
| Other Reserves | 278,853 |
| Undivided Earnings | 2,447,863 |
| TOTAL EQUITY | 2,726,716 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,208,485 |
| INCOME & EXPENSE | |
| Loan Income | 651,805 |
| Investment Income | 53,978 |
| Other Income | 30,395 |
| Total Employee Compensation & Benefits | 420,286 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 272,287 |
| Non-operating Income & (Expense) | 10,742 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 29,276 |
| Cost of Funds | 25,308 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 97,096 |
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