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FREDERIKSTED FEDERAL CREDIT UNION

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

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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
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