FRIENDS FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — FRIENDS FEDERAL CREDIT UNION is a federal credit union headquartered in Norman, OK with 1 branch location and about $9.33 million in total assets. Opened 63 years ago in 1961, FRIENDS FEDERAL CREDIT UNION has about 1,430 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FRIENDS FEDERAL CREDIT UNION |
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Address: (Main Office) | 3100 Northwest Boulevard Norman, OK 73072-4115 |
Phone: | (405) 701-1330 |
Fax: | (405) 310-6423 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 1,430 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14250 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Nov 01, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,333,237 |
CEO/Manager: | Cindy White |
Chairperson: | Mark Tracey |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,772,126 |
TOTAL INVESTMENTS | 846,216 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 732,962 |
Other Loans | 3,768,013 |
TOTAL LOANS | 4,500,975 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -215,757 |
Land And Building | 286,007 |
Other Fixed Assets | 39,078 |
NCUSIF Deposit | 85,946 |
All Other Assets | 18,646 |
TOTAL ASSETS | 9,333,237 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 115,105 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 377,415 |
Regular shares | 8,704,876 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 9,082,291 |
TOTAL LIABILITIES | 9,197,396 |
Regular Reserve | 245,295 |
Other Reserves | 0 |
Undivided Earnings | -109,454 |
TOTAL EQUITY | 135,841 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,333,237 |
INCOME & EXPENSE | |
Loan Income | 360,590 |
Investment Income | 4,931 |
Other Income | 147,286 |
Total Employee Compensation & Benefits | 107,029 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 765,934 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 76,400 |
Cost of Funds | 19,308 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -455,864 |
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