Dec, 31, 2021 — FREDERIKSTED FEDERAL CREDIT UNION is a federal credit union headquartered in FREDERIKSTED, VI with 1 branch location and about $23.49 million in total assets. Opened 70 years ago in 1952, FREDERIKSTED FEDERAL CREDIT UNION has about 3,297 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FREDERIKSTED FEDERAL CREDIT UNION |
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Address: (Main Office) | 59 Queen St FREDERIKSTED, VI 00840 |
Phone: | (340) 772-0435 |
Fax: | (340) 772-2595 |
Website: | http://www.ffcuvi.org |
Branches: | 1 branch locations |
Members: | 3,297 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8069 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Dec 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $23,493,112 |
CEO/Manager: | Patrice M Canton |
Chairperson: | Eugene Mitchell |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,906,200 |
TOTAL INVESTMENTS | 13,806,444 |
Loans Held for Sale | 0 |
Real Estate Loans | 151,888 |
Unsecured Loans | 1,448,124 |
Other Loans | 6,062,988 |
TOTAL LOANS | 7,663,000 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -147,165 |
Land And Building | 1,916 |
Other Fixed Assets | 1,715 |
NCUSIF Deposit | 193,755 |
All Other Assets | 67,247 |
TOTAL ASSETS | 23,493,112 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,716 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 48,876 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 253,777 |
Regular shares | 20,241,329 |
All Other Shares & Deposits | 1,045,225 |
TOTAL SHARES & DEPOSITS | 21,540,331 |
TOTAL LIABILITIES | 21,590,923 |
Regular Reserve | 155,398 |
Other Reserves | 167,660 |
Undivided Earnings | 1,579,131 |
TOTAL EQUITY | 1,902,189 |
TOTAL LIABILITIES, SHARES, & EQUITY | 23,493,112 |
INCOME & EXPENSE | |
Loan Income | 690,680 |
Investment Income | 147,752 |
Other Income | 71,788 |
Total Employee Compensation & Benefits | 327,009 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 358,645 |
Non-operating Income & (Expense) | 4,418 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 12,712 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 262,059 |
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