Dec, 31, 2021 — CHARLOTTE FIRE DEPARTMENT CREDIT UNION is a federally insured state chartered credit union headquartered in CHARLOTTE, NC with 1 branch location and about $59.50 million in total assets. Opened 67 years ago in 1955, CHARLOTTE FIRE DEPARTMENT CREDIT UNION has about 2,916 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CHARLOTTE FIRE DEPARTMENT CREDIT UNION |
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Address: (Main Office) | 2121 Commonwealth Ave CHARLOTTE, NC 28205-5100 |
Phone: | (704) 375-3950 |
Fax: | (704) 344-8369 |
Website: | http://www.cfdcu.org |
Branches: | 1 branch locations |
Members: | 2,916 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63566 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $59,497,341 |
CEO/Manager: | Deborah H Trotter |
Chairperson: | John M Keffer |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,050,770 |
TOTAL INVESTMENTS | 30,124,904 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,703,925 |
Unsecured Loans | 3,497,362 |
Other Loans | 13,976,722 |
TOTAL LOANS | 20,178,009 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -112,339 |
Land And Building | 189,872 |
Other Fixed Assets | 77,459 |
NCUSIF Deposit | 478,763 |
All Other Assets | 1,509,903 |
TOTAL ASSETS | 59,497,341 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 144,763 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,600,109 |
Regular shares | 30,947,587 |
All Other Shares & Deposits | 14,039,935 |
TOTAL SHARES & DEPOSITS | 52,587,631 |
TOTAL LIABILITIES | 52,732,394 |
Regular Reserve | 1,635,309 |
Other Reserves | -122,192 |
Undivided Earnings | 5,251,830 |
TOTAL EQUITY | 6,764,947 |
TOTAL LIABILITIES, SHARES, & EQUITY | 59,497,341 |
INCOME & EXPENSE | |
Loan Income | 1,259,775 |
Investment Income | 304,436 |
Other Income | 223,838 |
Total Employee Compensation & Benefits | 1,055,795 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 641,649 |
Non-operating Income & (Expense) | 194,549 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -30,800 |
Cost of Funds | 159,971 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 195,396 |
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