Sep, 30, 2022 — FAMILY SECURITY CREDIT UNION is a federally insured state chartered credit union headquartered in DECATUR, AL with 23 branch locations and about $962.34 million in total assets. Opened 70 years ago in 1953, FAMILY SECURITY CREDIT UNION has about 88,658 members and employs 214 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FAMILY SECURITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2204 Family Security Pl SW DECATUR, AL 35603 |
| Phone: | (256) 340-2000 |
| Fax: | (256) 353-9740 |
| Website: | https://myfscu.com |
| Branches: | 23 branch locations |
| Members: | 88,658 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60605 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $962,336,528 |
| CEO/Manager: | Shane Nobbley |
| Chairperson: | James W Jeffreys |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 265,952,312 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 54,911,060 |
| Unsecured Loans | 19,498,478 |
| Other Loans | 361,256,805 |
| TOTAL LOANS | 435,666,343 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,576,904 |
| Land And Building | 27,967,594 |
| Other Fixed Assets | 1,049,359 |
| NCUSIF Deposit | 7,880,272 |
| All Other Assets | 200,998 |
| TOTAL ASSETS | 962,336,528 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,003,222 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 154,758,825 |
| Regular shares | 371,834,323 |
| All Other Shares & Deposits | 322,687,922 |
| TOTAL SHARES & DEPOSITS | 849,281,070 |
| TOTAL LIABILITIES | 855,284,292 |
| Regular Reserve | 0 |
| Other Reserves | -33,071,392 |
| Undivided Earnings | 140,123,628 |
| TOTAL EQUITY | 107,052,236 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 962,336,528 |
| INCOME & EXPENSE | |
| Loan Income | 13,061,024 |
| Investment Income | 4,528,996 |
| Other Income | 6,300,346 |
| Total Employee Compensation & Benefits | 10,586,240 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,675,222 |
| Non-operating Income & (Expense) | 14,834 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 402,972 |
| Cost of Funds | 1,872,281 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,762,825 |
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