Dec, 31, 2023 — CHRISTIANSTED FEDERAL CREDIT UNION is a federal credit union headquartered in CHRISTIANSTED, VI with 1 branch location and about $30.81 million in total assets. Opened 72 years ago in 1952, CHRISTIANSTED FEDERAL CREDIT UNION has about 3,355 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CHRISTIANSTED FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 43 KING ST CHRISTIANSTED, VI 00820 |
| Phone: | (340) 773-5444 |
| Fax: | (340) 773-8946 |
| Website: | https://www.cfcuvi.org |
| Branches: | 1 branch locations |
| Members: | 3,355 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7989 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,809,841 |
| CEO/Manager: | Alphonso J Meade |
| Chairperson: | RONALD MOOREHEAD |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,354,638 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,757,482 |
| Other Loans | 6,260,897 |
| TOTAL LOANS | 9,018,379 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -100,544 |
| Land And Building | 616,873 |
| Other Fixed Assets | 22,962 |
| NCUSIF Deposit | 255,592 |
| All Other Assets | 0 |
| TOTAL ASSETS | 30,809,841 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 56,319 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 59,965 |
| Regular shares | 20,755,872 |
| All Other Shares & Deposits | 4,318,318 |
| TOTAL SHARES & DEPOSITS | 25,134,155 |
| TOTAL LIABILITIES | 25,190,474 |
| Regular Reserve | 0 |
| Other Reserves | 784,459 |
| Undivided Earnings | 4,834,908 |
| TOTAL EQUITY | 5,619,367 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,809,841 |
| INCOME & EXPENSE | |
| Loan Income | 675,366 |
| Investment Income | 287,863 |
| Other Income | 62,976 |
| Total Employee Compensation & Benefits | 342,710 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 315,685 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -43,550 |
| Cost of Funds | 41,408 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 369,952 |
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