Jun, 30, 2024 — LIBERTY FIRST CREDIT UNION is a federally insured state chartered credit union headquartered in LINCOLN, NE with 6 branch locations and about $420.95 million in total assets. Opened 90 years ago in 1935, LIBERTY FIRST CREDIT UNION has about 30,543 members and employs 97 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LIBERTY FIRST CREDIT UNION |
|---|---|
| Address: (Main Office) | 501 N 46th St LINCOLN, NE 68503-3718 |
| Phone: | (402) 465-1000 |
| Fax: | (402) 464-0472 |
| Website: | https://www.libertyfirstcu.com |
| Branches: | 6 branch locations |
| Members: | 30,543 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63757 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $420,948,853 |
| CEO/Manager: | Frank Wilber |
| Chairperson: | Tom Bolton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 54,055,423 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 2,908,114 |
| Real Estate Loans | 167,934,801 |
| Unsecured Loans | 19,533,989 |
| Other Loans | 154,969,909 |
| TOTAL LOANS | 342,438,699 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,492,776 |
| Land And Building | 9,451,468 |
| Other Fixed Assets | 1,739,134 |
| NCUSIF Deposit | 3,371,957 |
| All Other Assets | 7,800 |
| TOTAL ASSETS | 420,948,853 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,873,081 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 132,846,702 |
| Regular shares | 146,131,021 |
| All Other Shares & Deposits | 81,540,353 |
| TOTAL SHARES & DEPOSITS | 360,518,076 |
| TOTAL LIABILITIES | 369,391,157 |
| Regular Reserve | 0 |
| Other Reserves | 585,000 |
| Undivided Earnings | 50,972,696 |
| TOTAL EQUITY | 51,557,696 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 420,948,853 |
| INCOME & EXPENSE | |
| Loan Income | 12,182,931 |
| Investment Income | 425,054 |
| Other Income | 2,977,721 |
| Total Employee Compensation & Benefits | 7,884,430 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,295,221 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 900,000 |
| Cost of Funds | 1,674,606 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,281,344 |
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