Mar, 31, 2022 — CHARLOTTE FIRE DEPARTMENT CREDIT UNION is a federally insured state chartered credit union headquartered in CHARLOTTE, NC with 1 branch location and about $58.94 million in total assets. Opened 67 years ago in 1955, CHARLOTTE FIRE DEPARTMENT CREDIT UNION has about 2,919 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: | 2,919 |
| 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: | $58,935,699 |
| CEO/Manager: | Deborah H Trotter |
| Chairperson: | John M Keffer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,804,064 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,376,396 |
| Unsecured Loans | 3,507,901 |
| Other Loans | 14,092,342 |
| TOTAL LOANS | 19,976,639 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -147,834 |
| Land And Building | 185,933 |
| Other Fixed Assets | 63,164 |
| NCUSIF Deposit | 478,763 |
| All Other Assets | 0 |
| TOTAL ASSETS | 58,935,699 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 146,406 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,870,163 |
| Regular shares | 31,521,174 |
| All Other Shares & Deposits | 13,550,200 |
| TOTAL SHARES & DEPOSITS | 52,941,537 |
| TOTAL LIABILITIES | 53,087,943 |
| Regular Reserve | 0 |
| Other Reserves | 671,156 |
| Undivided Earnings | 5,176,600 |
| TOTAL EQUITY | 5,847,756 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,935,699 |
| INCOME & EXPENSE | |
| Loan Income | 291,822 |
| Investment Income | 69,584 |
| Other Income | 55,416 |
| Total Employee Compensation & Benefits | 260,252 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 179,197 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 32,400 |
| Cost of Funds | 29,965 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -75,230 |
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