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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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 |
| ↑ Back to Top | |