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.
| 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 |
| 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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