Jun, 30, 2023 — FREDERIKSTED FEDERAL CREDIT UNION is a federal credit union headquartered in FREDERIKSTED, VI with 1 branch location and about $23.52 million in total assets. Opened 72 years ago in 1952, FREDERIKSTED FEDERAL CREDIT UNION has about 3,260 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: | https://www.ffcuvi.org |
Branches: | 1 branch locations |
Members: | 3,260 |
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, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $23,517,446 |
CEO/Manager: | Patrice M Canton |
Chairperson: | Eugene Mitchell |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,315,307 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 121,010 |
Unsecured Loans | 1,593,556 |
Other Loans | 6,139,491 |
TOTAL LOANS | 7,854,057 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -142,747 |
Land And Building | 1,516 |
Other Fixed Assets | 1,226 |
NCUSIF Deposit | 215,403 |
All Other Assets | 0 |
TOTAL ASSETS | 23,517,446 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,355 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -206,078 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 270,809 |
Regular shares | 20,182,003 |
All Other Shares & Deposits | 1,088,066 |
TOTAL SHARES & DEPOSITS | 21,540,878 |
TOTAL LIABILITIES | 21,337,155 |
Regular Reserve | 0 |
Other Reserves | 323,059 |
Undivided Earnings | 1,857,232 |
TOTAL EQUITY | 2,180,291 |
TOTAL LIABILITIES, SHARES, & EQUITY | 23,517,446 |
INCOME & EXPENSE | |
Loan Income | 603,414 |
Investment Income | 87,039 |
Other Income | 63,637 |
Total Employee Compensation & Benefits | 230,906 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 266,949 |
Non-operating Income & (Expense) | -1,515 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 8,948 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 278,101 |
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