Dec, 31, 2023 — COMMUNITY 1ST CREDIT UNION is a federally insured state chartered credit union headquartered in DUPONT, WA with 5 branch locations and about $205.37 million in total assets. Opened 90 years ago in 1934, COMMUNITY 1ST CREDIT UNION has about 13,202 members and employs 49 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COMMUNITY 1ST CREDIT UNION |
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Address: (Main Office) | 955 Ross Loop DUPONT, WA 98327 |
Phone: | (253) 722-5212 |
Fax: | (253) 476-4807 |
Website: | https://www.myc1cu.com |
Branches: | 5 branch locations |
Members: | 13,202 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60079 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $205,367,767 |
CEO/Manager: | Daniel M LeFree |
Chairperson: | Frank Worden |
ASSETS: | $ Amount |
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Cash & Equivalents | 39,707,653 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,924,765 |
Unsecured Loans | 3,593,388 |
Other Loans | 143,036,177 |
TOTAL LOANS | 151,554,329 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,432,378 |
Land And Building | 9,309,628 |
Other Fixed Assets | 1,450,219 |
NCUSIF Deposit | 1,822,950 |
All Other Assets | 6,897 |
TOTAL ASSETS | 205,367,767 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 56,743 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,490,775 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 31,137,504 |
Regular shares | 58,476,387 |
All Other Shares & Deposits | 89,153,831 |
TOTAL SHARES & DEPOSITS | 178,767,723 |
TOTAL LIABILITIES | 184,315,241 |
Regular Reserve | 0 |
Other Reserves | 1,693,044 |
Undivided Earnings | 19,359,482 |
TOTAL EQUITY | 21,052,526 |
TOTAL LIABILITIES, SHARES, & EQUITY | 205,367,767 |
INCOME & EXPENSE | |
Loan Income | 8,811,385 |
Investment Income | 1,865,003 |
Other Income | 552,701 |
Total Employee Compensation & Benefits | 4,074,451 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,779,145 |
Non-operating Income & (Expense) | -327,976 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 252,254 |
Cost of Funds | 2,870,963 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 924,329 |
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