Jun, 30, 2024 — FIRST CENTURY FEDERAL CREDIT UNION is a federal credit union headquartered in SIOUX FALLS, SD with 1 branch location and about $30.66 million in total assets. Opened 90 years ago in 1935, FIRST CENTURY FEDERAL CREDIT UNION has about 1,514 members and employs 7 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 CENTURY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1512 E Benson Rd SIOUX FALLS, SD 57104 |
| Phone: | (605) 335-1070 |
| Fax: | (605) 335-7927 |
| Website: | https://www.firstcfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,514 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 275 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,661,849 |
| CEO/Manager: | Jayson D Meyer Sr. |
| Chairperson: | Gregory R Beckman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,378,011 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,340,490 |
| Unsecured Loans | 120,984 |
| Other Loans | 11,211,470 |
| TOTAL LOANS | 13,672,944 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -98,104 |
| Land And Building | 445,676 |
| Other Fixed Assets | 18,888 |
| NCUSIF Deposit | 244,749 |
| All Other Assets | 19,327 |
| TOTAL ASSETS | 30,661,849 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 59,216 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 85,684 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,399,177 |
| Regular shares | 11,298,948 |
| All Other Shares & Deposits | 9,307,408 |
| TOTAL SHARES & DEPOSITS | 27,005,533 |
| TOTAL LIABILITIES | 27,150,433 |
| Regular Reserve | 0 |
| Other Reserves | 599,643 |
| Undivided Earnings | 2,911,773 |
| TOTAL EQUITY | 3,511,416 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,661,849 |
| INCOME & EXPENSE | |
| Loan Income | 506,960 |
| Investment Income | 122,860 |
| Other Income | 77,552 |
| Total Employee Compensation & Benefits | 287,946 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 198,226 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,915 |
| Cost of Funds | 44,209 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 182,839 |
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