Jun, 30, 2021 — FREDERIKSTED FEDERAL CREDIT UNION is a federal credit union headquartered in FREDERIKSTED, VI with 1 branch location and about $22.91 million in total assets. Opened 69 years ago in 1952, FREDERIKSTED FEDERAL CREDIT UNION has about 3,211 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) | PO BOX 7 FREDERIKSTED, VI 00841 |
| Phone: | (340) 772-0435 |
| Fax: | (340) 772-2595 |
| Website: | http://www.ffcuvi.org |
| Branches: | 1 branch locations |
| Members: | 3,211 |
| 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: | $22,914,553 |
| CEO/Manager: | Patrice M Canton |
| Chairperson: | Eugene Mitchell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,570,287 |
| TOTAL INVESTMENTS | 12,057,444 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 207,563 |
| Unsecured Loans | 1,344,221 |
| Other Loans | 5,646,893 |
| TOTAL LOANS | 7,198,677 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -176,720 |
| Land And Building | 2,237 |
| Other Fixed Assets | 4,823 |
| NCUSIF Deposit | 193,755 |
| All Other Assets | 64,050 |
| TOTAL ASSETS | 22,914,553 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,317 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 550,785 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 277,717 |
| Regular shares | 19,187,184 |
| All Other Shares & Deposits | 1,137,639 |
| TOTAL SHARES & DEPOSITS | 20,602,540 |
| TOTAL LIABILITIES | 21,155,642 |
| Regular Reserve | 155,398 |
| Other Reserves | 167,660 |
| Undivided Earnings | 1,435,853 |
| TOTAL EQUITY | 1,758,911 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,914,553 |
| INCOME & EXPENSE | |
| Loan Income | 319,156 |
| Investment Income | 85,581 |
| Other Income | 34,416 |
| Total Employee Compensation & Benefits | 162,271 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 181,555 |
| 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 | 6,347 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 118,780 |
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