Jun, 30, 2021 — CHARLOTTE FIRE DEPARTMENT CREDIT UNION is a federally insured state chartered credit union headquartered in Charlotte, NC with 1 branch location and about $57.65 million in total assets. Opened 66 years ago in 1955, CHARLOTTE FIRE DEPARTMENT CREDIT UNION has about 2,938 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 28205-5126 |
| Phone: | (704) 375-3950 |
| Fax: | (704) 344-8369 |
| Website: | http://www.cfdcu.org |
| Branches: | 1 branch locations |
| Members: | 2,938 |
| 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: | $57,648,149 |
| CEO/Manager: | Deborah H Trotter |
| Chairperson: | John M Keffer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,971,101 |
| TOTAL INVESTMENTS | 29,257,658 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,600,404 |
| Unsecured Loans | 3,813,021 |
| Other Loans | 12,195,938 |
| TOTAL LOANS | 19,609,363 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -116,072 |
| Land And Building | 197,750 |
| Other Fixed Assets | 102,443 |
| NCUSIF Deposit | 438,462 |
| All Other Assets | 187,444 |
| TOTAL ASSETS | 57,648,149 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 437,202 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,903,652 |
| Regular shares | 28,895,092 |
| All Other Shares & Deposits | 14,560,665 |
| TOTAL SHARES & DEPOSITS | 50,359,409 |
| TOTAL LIABILITIES | 50,796,611 |
| Regular Reserve | 1,635,309 |
| Other Reserves | 162,475 |
| Undivided Earnings | 5,053,754 |
| TOTAL EQUITY | 6,851,538 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 57,648,149 |
| INCOME & EXPENSE | |
| Loan Income | 637,879 |
| Investment Income | 156,675 |
| Other Income | 106,914 |
| Total Employee Compensation & Benefits | 510,822 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 350,868 |
| Non-operating Income & (Expense) | -1 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -22,300 |
| Cost of Funds | 84,440 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -2,680 |
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