Jun, 30, 2024 — COMMUNITY 1ST CREDIT UNION is a federally insured state chartered credit union headquartered in DUPONT, WA with 5 branch locations and about $210.76 million in total assets. Opened 90 years ago in 1934, COMMUNITY 1ST CREDIT UNION has about 14,642 members and employs 56 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 |
|---|---|
| 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: | 14,642 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60079 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $210,755,007 |
| CEO/Manager: | Daniel M LeFree |
| Chairperson: | Frank Worden |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 38,740,569 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,942,391 |
| Unsecured Loans | 3,884,760 |
| Other Loans | 147,770,179 |
| TOTAL LOANS | 156,597,330 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -706,669 |
| Land And Building | 9,300,089 |
| Other Fixed Assets | 1,477,270 |
| NCUSIF Deposit | 1,818,627 |
| All Other Assets | 57,731 |
| TOTAL ASSETS | 210,755,007 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,881 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,295,329 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 34,856,068 |
| Regular shares | 72,709,538 |
| All Other Shares & Deposits | 77,178,942 |
| TOTAL SHARES & DEPOSITS | 184,744,548 |
| TOTAL LIABILITIES | 190,046,758 |
| Regular Reserve | 0 |
| Other Reserves | 1,693,044 |
| Undivided Earnings | 19,015,205 |
| TOTAL EQUITY | 20,708,249 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 210,755,007 |
| INCOME & EXPENSE | |
| Loan Income | 5,723,575 |
| Investment Income | 393,368 |
| Other Income | 539,273 |
| Total Employee Compensation & Benefits | 3,134,109 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,762,378 |
| Non-operating Income & (Expense) | -74,929 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 110,000 |
| Cost of Funds | 647,083 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 529,011 |
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