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National Credit Union Service Organization

FAMILY SECURITY CREDIT UNION

Mar, 31, 2021 — FAMILY SECURITY CREDIT UNION is a federally insured state chartered credit union headquartered in Decatur, AL with 23 branch locations and about $882.62 million in total assets. Opened 68 years ago in 1953, FAMILY SECURITY CREDIT UNION has about 87,144 members and employs 207 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: 262284279
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:http://myfscu.com
Branches:23 branch locations
Members:87,144
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$882,624,634
CEO/Manager:Shane Nobbley
Chairperson:James W Jeffreys

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Health Savings Accounts
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 269,966,622
TOTAL INVESTMENTS 156,087,692
Loans Held for Sale 0
 
 Real Estate Loans 43,681,694
 Unsecured Loans 18,286,188
 Other Loans 357,359,775
 TOTAL LOANS 419,327,657
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,359,193
 Land And Building 26,145,675
 Other Fixed Assets 1,388,417
 NCUSIF Deposit 6,398,984
 All Other Assets 5,668,780
  TOTAL ASSETS 882,624,634
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,565,323
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 146,831,374
 Regular shares 309,350,575
 All Other Shares & Deposits 306,965,428
  TOTAL SHARES & DEPOSITS 763,147,377
  TOTAL LIABILITIES 769,712,700
 Regular Reserve 60,150,986
 Other Reserves -8,012,277
 Undivided Earnings 60,773,225
  TOTAL EQUITY 112,911,934
  TOTAL LIABILITIES, SHARES, & EQUITY 882,624,634
INCOME & EXPENSE  
 Loan Income 4,296,495
 Investment Income 539,358
 Other Income 1,729,480
 Total Employee Compensation & Benefits 3,186,190
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,400,327
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -65,753
 Cost of Funds 646,615
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,355,836
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