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FIRST STREET FEDERAL CREDIT UNION

Dec, 31, 2023 — FIRST STREET FEDERAL CREDIT UNION is a federal credit union headquartered in DERIDDER, LA with 1 branch location and about $50.58 million in total assets. Opened 54 years ago in 1970, FIRST STREET FEDERAL CREDIT UNION has about 3,246 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:FIRST STREET FEDERAL CREDIT UNION
Address:
(Main Office)
709 W 1ST ST
DERIDDER, LA 70634
Phone:(337) 463-7529
Fax:(337) 463-0116
Website:https://www.1stfcu.com/
Branches:1 branch locations
Members:3,246
Credit Union Type:Federal Credit Union
Charter Number:20417
Membership Type:Multiple common bond - Primarily other manufacturing
Corporate Credit Union:No
Year Opened:1970
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$50,582,900
CEO/Manager:KATHY POWELL
Chairperson:GEORGE FONTENOT

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,409,766
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 3,294,290
 Other Loans 26,707,793
 TOTAL LOANS 30,002,082
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -75,318
 Land And Building 839,465
 Other Fixed Assets 29,482
 NCUSIF Deposit 410,996
 All Other Assets 0
  TOTAL ASSETS 50,582,900
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 32,124
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,094,129
 Regular shares 38,376,133
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 42,470,262
  TOTAL LIABILITIES 42,502,386
 Regular Reserve 0
 Other Reserves 714,982
 Undivided Earnings 7,365,532
  TOTAL EQUITY 8,080,514
  TOTAL LIABILITIES, SHARES, & EQUITY 50,582,900
INCOME & EXPENSE  
 Loan Income 1,300,084
 Investment Income 473,269
 Other Income 214,525
 Total Employee Compensation & Benefits 419,269
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 421,655
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 11,201
 Cost of Funds 726,419
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 427,592
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