Dec, 31, 2023 — 1ST STREET CREDIT UNION is a federally insured state chartered credit union headquartered in SARASOTA, FL with 1 branch location and about $33.82 million in total assets. Opened 73 years ago in 1951, 1ST STREET CREDIT UNION has about 1,897 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | 1ST STREET CREDIT UNION |
|---|---|
| Address: (Main Office) | 1558 1st St SARASOTA, FL 34236-8502 |
| Phone: | (941) 953-6744 |
| Fax: | (941) 365-4966 |
| Website: | https://www.1streetcu.com |
| Branches: | 1 branch locations |
| Members: | 1,897 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67309 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $33,820,327 |
| CEO/Manager: | Dawn T Gonzalez |
| Chairperson: | Clifford E Smith |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,863,309 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,929,280 |
| Unsecured Loans | 1,226,175 |
| Other Loans | 8,306,886 |
| TOTAL LOANS | 13,462,341 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -93,108 |
| Land And Building | 305,161 |
| Other Fixed Assets | 192,279 |
| NCUSIF Deposit | 325,213 |
| All Other Assets | 0 |
| TOTAL ASSETS | 33,820,327 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8,232 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 358,933 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,734,862 |
| Regular shares | 16,086,621 |
| All Other Shares & Deposits | 7,349,033 |
| TOTAL SHARES & DEPOSITS | 29,170,516 |
| TOTAL LIABILITIES | 29,537,681 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,282,646 |
| TOTAL EQUITY | 4,282,646 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,820,327 |
| INCOME & EXPENSE | |
| Loan Income | 755,424 |
| Investment Income | 402,634 |
| Other Income | 307,965 |
| Total Employee Compensation & Benefits | 447,601 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 523,474 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 32,182 |
| Cost of Funds | 135,811 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 381,685 |
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