NCUSO
National Credit Union Service Organization

UNITED 1ST FEDERAL CREDIT UNION

Dec, 31, 2023 — UNITED 1ST FEDERAL CREDIT UNION is a federal credit union headquartered in Kingsland, GA with 7 branch locations and about $198.26 million in total assets. Opened 81 years ago in 1943, UNITED 1ST FEDERAL CREDIT UNION has about 25,943 members and employs 90 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 261271649

Credit Union

Branch Locations

Name:UNITED 1ST FEDERAL CREDIT UNION
Address:
(Main Office)
162 N Gross Rd
Kingsland, GA 31548-6229
Phone:(912) 729-2800
Fax:(912) 882-2314
Website:https://www.united1stfcu.org
Branches:7 branch locations
Members:25,943
Credit Union Type:Federal Credit Union

Charter Number:4999
Membership Type:Multiple common bond - Primarily other manufacturing
Corporate Credit Union:No
Year Opened:1943
Last Audited:Sep 01, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$198,261,401
CEO/Manager:Patrick T Conn
Chairperson:Yvonne Hawkins

Quarterly Call Report

Financial Summary

ASSETS:$ Amount
Cash & Equivalents 37,489,373
TOTAL INVESTMENTS 36,106,372
Loans Held for Sale 0
 
 Real Estate Loans 30,945,497
 Unsecured Loans 8,980,550
 Other Loans 72,457,802
 TOTAL LOANS 112,383,849
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,411,040
 Land And Building 5,147,392
 Other Fixed Assets 797,467
 NCUSIF Deposit 1,482,452
 All Other Assets 6,265,536
  TOTAL ASSETS 198,261,401
LIABILITIES & CAPITAL:  
 Dividends Payable 41
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,021,452
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 48,112,776
 Regular shares 59,159,747
 All Other Shares & Deposits 68,138,137
  TOTAL SHARES & DEPOSITS 175,410,660
  TOTAL LIABILITIES 178,432,153
 Regular Reserve 2,203,080
 Other Reserves 0
 Undivided Earnings 17,626,168
  TOTAL EQUITY 19,829,248
  TOTAL LIABILITIES, SHARES, & EQUITY 198,261,401
INCOME & EXPENSE  
 Loan Income 2,658,640
 Investment Income 352,778
 Other Income 2,890,559
 Total Employee Compensation & Benefits 2,283,358
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,357,776
 Non-operating Income & (Expense) 59,129
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 461,392
 Cost of Funds 369,604
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 488,976
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» See also Statement of Financial Condition

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