Dec, 31, 2023 — FORT LEE FEDERAL CREDIT UNION is a federal credit union headquartered in PRINCE GEORGE, VA with 2 branch locations and about $259.12 million in total assets. Opened 72 years ago in 1952, FORT LEE FEDERAL CREDIT UNION has about 17,320 members and employs 51 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FORT LEE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4495 Crossings Blvd PRINCE GEORGE, VA 23875 |
| Phone: | (804) 452-0736 |
| Fax: | (804) 458-1182 |
| Website: | https://www.homebasecu.org |
| Branches: | 2 branch locations |
| Members: | 17,320 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7722 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $259,123,540 |
| CEO/Manager: | Clint T Summers |
| Chairperson: | Glenn G Horst Jr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,758,782 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 39,581,361 |
| Unsecured Loans | 21,736,971 |
| Other Loans | 84,463,368 |
| TOTAL LOANS | 145,781,699 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,543,465 |
| Land And Building | 6,482,502 |
| Other Fixed Assets | 664,404 |
| NCUSIF Deposit | 2,187,021 |
| All Other Assets | 0 |
| TOTAL ASSETS | 259,123,540 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 493,886 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 767,525 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 43,752,941 |
| Regular shares | 115,329,693 |
| All Other Shares & Deposits | 80,118,293 |
| TOTAL SHARES & DEPOSITS | 239,200,925 |
| TOTAL LIABILITIES | 240,462,336 |
| Regular Reserve | 0 |
| Other Reserves | -7,484,638 |
| Undivided Earnings | 26,145,842 |
| TOTAL EQUITY | 18,661,204 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 259,123,540 |
| INCOME & EXPENSE | |
| Loan Income | 7,183,538 |
| Investment Income | 2,442,469 |
| Other Income | 1,781,247 |
| Total Employee Compensation & Benefits | 4,189,367 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,861,078 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 600,000 |
| Cost of Funds | 2,045,626 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,519,220 |
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