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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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