Dec, 31, 2021 — ST. THOMAS FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLOTTE AMALIE, VI with 1 branch location and about $81.59 million in total assets. Opened 70 years ago in 1952, ST. THOMAS FEDERAL CREDIT UNION has about 7,791 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ST. THOMAS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5027 Norre Gade CHARLOTTE AMALIE, VI 00802-6749 |
| Phone: | (340) 774-8865 |
| Fax: | (340) 777-4785 |
| Website: | https://stthomasfcu.com/ |
| Branches: | 1 branch locations |
| Members: | 7,791 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7970 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $81,591,922 |
| CEO/Manager: | Keisha Richards |
| Chairperson: | Clifford F Graham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,484,459 |
| TOTAL INVESTMENTS | 41,035,355 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 21,085,952 |
| Other Loans | 8,684,406 |
| TOTAL LOANS | 29,770,358 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -299,823 |
| Land And Building | 1,854,237 |
| Other Fixed Assets | 652,759 |
| NCUSIF Deposit | 597,447 |
| All Other Assets | 497,130 |
| TOTAL ASSETS | 81,591,922 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 110,479 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 272,055 |
| Regular shares | 59,127,873 |
| All Other Shares & Deposits | 3,508,215 |
| TOTAL SHARES & DEPOSITS | 62,908,143 |
| TOTAL LIABILITIES | 63,018,622 |
| Regular Reserve | 1,959,606 |
| Other Reserves | -138,004 |
| Undivided Earnings | 16,751,698 |
| TOTAL EQUITY | 18,573,300 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 81,591,922 |
| INCOME & EXPENSE | |
| Loan Income | 2,832,873 |
| Investment Income | 581,468 |
| Other Income | 194,359 |
| Total Employee Compensation & Benefits | 1,286,961 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,626,466 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -79,417 |
| Cost of Funds | 320,974 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 658,064 |
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