Dec, 31, 2023 — CHARLOTTE FIRE DEPARTMENT CREDIT UNION is a federally insured state chartered credit union headquartered in CHARLOTTE, NC with 1 branch location and about $51.71 million in total assets. Opened 69 years ago in 1955, CHARLOTTE FIRE DEPARTMENT CREDIT UNION has about 2,964 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: | https://www.cfdcu.org |
| Branches: | 1 branch locations |
| Members: | 2,964 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $51,705,394 |
| CEO/Manager: | Deborah H Trotter |
| Chairperson: | Brian J Kurzel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,271,067 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,183,398 |
| Unsecured Loans | 3,917,655 |
| Other Loans | 16,103,874 |
| TOTAL LOANS | 22,204,927 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -93,997 |
| Land And Building | 170,176 |
| Other Fixed Assets | 43,176 |
| NCUSIF Deposit | 471,304 |
| All Other Assets | 0 |
| TOTAL ASSETS | 51,705,394 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 798,513 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,927,083 |
| Regular shares | 28,172,695 |
| All Other Shares & Deposits | 9,859,743 |
| TOTAL SHARES & DEPOSITS | 44,959,521 |
| TOTAL LIABILITIES | 45,758,034 |
| Regular Reserve | 0 |
| Other Reserves | -972,835 |
| Undivided Earnings | 6,920,195 |
| TOTAL EQUITY | 5,947,360 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 51,705,394 |
| INCOME & EXPENSE | |
| Loan Income | 1,451,683 |
| Investment Income | 555,560 |
| Other Income | 243,036 |
| Total Employee Compensation & Benefits | 1,100,710 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 620,034 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -2,905 |
| Cost of Funds | 574,393 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -5,358 |
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