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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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