Dec, 31, 2023 — ST. THOMAS FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLOTTE AMALIE, VI with 1 branch location and about $84.17 million in total assets. Opened 72 years ago in 1952, ST. THOMAS FEDERAL CREDIT UNION has about 8,330 members and employs 15 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: | 8,330 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $84,171,783 |
| CEO/Manager: | Keisha Richards |
| Chairperson: | Clifford F Graham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,597,480 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 22,001,050 |
| Other Loans | 14,137,111 |
| TOTAL LOANS | 36,138,161 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -546,850 |
| Land And Building | 1,991,768 |
| Other Fixed Assets | 551,998 |
| NCUSIF Deposit | 656,713 |
| All Other Assets | 0 |
| TOTAL ASSETS | 84,171,783 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 332,791 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 294,914 |
| Regular shares | 63,689,445 |
| All Other Shares & Deposits | 2,879,162 |
| TOTAL SHARES & DEPOSITS | 66,863,521 |
| TOTAL LIABILITIES | 67,196,312 |
| Regular Reserve | 0 |
| Other Reserves | -3,272,356 |
| Undivided Earnings | 20,247,827 |
| TOTAL EQUITY | 16,975,471 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 84,171,783 |
| INCOME & EXPENSE | |
| Loan Income | 3,183,494 |
| Investment Income | 1,010,071 |
| Other Income | 303,602 |
| Total Employee Compensation & Benefits | 1,433,844 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,725,114 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 211,830 |
| Cost of Funds | 355,721 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,094,816 |
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