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FREDERIKSTED FEDERAL CREDIT UNION

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

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 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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