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ANDERSON FEDERAL CREDIT UNION

Jun, 30, 2021 — ANDERSON FEDERAL CREDIT UNION is a federal credit union headquartered in ANDERSON, SC with 3 branch locations and about $107.49 million in total assets. Opened 68 years ago in 1953, ANDERSON FEDERAL CREDIT UNION has about 14,070 members and employs 34 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ANDERSON FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 2427
ANDERSON, SC 29622
Phone:(864) 225-1254
Fax:(864) 328-1104
Website:http://www.andfcu.com
Branches:3 branch locations
Members:14,070
Credit Union Type:Federal Credit Union
Charter Number:8470
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1953
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$107,494,285
CEO/Manager:ROBERT B WILSON
Chairperson:HUGHLYN BURGESS

Call Report

  • Indirect Consumer Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 37,335,318
TOTAL INVESTMENTS 4,789,185
Loans Held for Sale 0
 
 Real Estate Loans 7,399,329
 Unsecured Loans 4,481,384
 Other Loans 47,130,235
 TOTAL LOANS 59,010,948
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -420,531
 Land And Building 5,021,264
 Other Fixed Assets 484,084
 NCUSIF Deposit 959,411
 All Other Assets 314,606
  TOTAL ASSETS 107,494,285
LIABILITIES & CAPITAL:  
 Dividends Payable 70,085
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 702,203
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 21,014,674
 Regular shares 39,682,901
 All Other Shares & Deposits 38,682,464
  TOTAL SHARES & DEPOSITS 99,380,039
  TOTAL LIABILITIES 100,152,327
 Regular Reserve 1,709,914
 Other Reserves 0
 Undivided Earnings 5,632,044
  TOTAL EQUITY 7,341,958
  TOTAL LIABILITIES, SHARES, & EQUITY 107,494,285
INCOME & EXPENSE  
 Loan Income 3,312,323
 Investment Income 123,369
 Other Income 1,772,009
 Total Employee Compensation & Benefits 1,987,141
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,201,856
 Non-operating Income & (Expense) -141,126
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 349,872
 Cost of Funds 557,918
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,030,212
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