Jun, 30, 2024 — FRONT ROYAL FEDERAL CREDIT UNION is a federal credit union headquartered in FRONT ROYAL, VA with 1 branch location and about $85.34 million in total assets. Opened 75 years ago in 1949, FRONT ROYAL FEDERAL CREDIT UNION has about 5,793 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FRONT ROYAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 230 N Royal Ave FRONT ROYAL, VA 22630-2616 |
Phone: | (540) 635-7133 |
Fax: | (540) 635-6036 |
Website: | https://www.frontroyalfcu.org |
Branches: | 1 branch locations |
Members: | 5,793 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6084 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $85,339,886 |
CEO/Manager: | Kim K Darr |
Chairperson: | Bryan Chrisman |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,293,979 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,746,043 |
Unsecured Loans | 2,126,083 |
Other Loans | 5,902,144 |
TOTAL LOANS | 14,774,270 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -38,786 |
Land And Building | 939,627 |
Other Fixed Assets | 96,755 |
NCUSIF Deposit | 701,618 |
All Other Assets | 0 |
TOTAL ASSETS | 85,339,886 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,677 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 250,093 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 19,810,421 |
Regular shares | 50,820,052 |
All Other Shares & Deposits | 4,054,394 |
TOTAL SHARES & DEPOSITS | 74,684,867 |
TOTAL LIABILITIES | 74,937,637 |
Regular Reserve | 0 |
Other Reserves | 316,400 |
Undivided Earnings | 10,085,849 |
TOTAL EQUITY | 10,402,249 |
TOTAL LIABILITIES, SHARES, & EQUITY | 85,339,886 |
INCOME & EXPENSE | |
Loan Income | 446,919 |
Investment Income | 395,558 |
Other Income | 316,169 |
Total Employee Compensation & Benefits | 480,483 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 811,696 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 53,278 |
Cost of Funds | 5,566 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 154,087 |
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