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FIRST CENTURY FEDERAL CREDIT UNION

Mar, 31, 2022 — FIRST CENTURY FEDERAL CREDIT UNION is a federal credit union headquartered in SIOUX FALLS, SD with 1 branch location and about $31.27 million in total assets. Opened 87 years ago in 1935, FIRST CENTURY FEDERAL CREDIT UNION has about 1,520 members and employs 6 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:1,520
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:$31,267,810
CEO/Manager:Jayson D Meyer Sr.
Chairperson:Gregory R Beckman

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,463,884
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,299,748
 Unsecured Loans 108,821
 Other Loans 9,217,695
 TOTAL LOANS 11,626,264
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -98,600
 Land And Building 457,307
 Other Fixed Assets 0
 NCUSIF Deposit 217,414
 All Other Assets 19,327
  TOTAL ASSETS 31,267,810
LIABILITIES & CAPITAL:  
 Dividends Payable 56,421
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 57,103
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,542,978
 Regular shares 11,308,208
 All Other Shares & Deposits 9,932,247
  TOTAL SHARES & DEPOSITS 27,783,433
  TOTAL LIABILITIES 27,896,957
 Regular Reserve 0
 Other Reserves 599,643
 Undivided Earnings 2,771,210
  TOTAL EQUITY 3,370,853
  TOTAL LIABILITIES, SHARES, & EQUITY 31,267,810
INCOME & EXPENSE  
 Loan Income 157,103
 Investment Income 22,335
 Other Income 34,674
 Total Employee Compensation & Benefits 77,456
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 64,364
 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 14,987
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 42,274
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