Dec, 31, 2023 — FAMILY TRUST FEDERAL CREDIT UNION is a federal credit union headquartered in ROCK HILL, SC with 7 branch locations and about $698.22 million in total assets. Opened 67 years ago in 1957, FAMILY TRUST FEDERAL CREDIT UNION has about 54,620 members and employs 134 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FAMILY TRUST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 225 White St W ROCK HILL, SC 29730-4039 |
| Phone: | (803) 367-4100 |
| Fax: | |
| Website: | https://www.familytrust.org |
| Branches: | 7 branch locations |
| Members: | 54,620 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11554 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $698,217,509 |
| CEO/Manager: | Ryan Harvey |
| Chairperson: | Chris Ruh |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 88,581,467 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 232,689,801 |
| Unsecured Loans | 60,327,723 |
| Other Loans | 252,028,715 |
| TOTAL LOANS | 545,046,239 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,763,904 |
| Land And Building | 16,092,838 |
| Other Fixed Assets | 3,461,602 |
| NCUSIF Deposit | 5,515,833 |
| All Other Assets | 32,802 |
| TOTAL ASSETS | 698,217,509 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,841,995 |
| Notes & Interest Payable | 16,500,000 |
| Accounts Payable & Other Liabilities | 14,021,367 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 113,608,365 |
| Regular shares | 155,775,037 |
| All Other Shares & Deposits | 323,320,716 |
| TOTAL SHARES & DEPOSITS | 592,704,115 |
| TOTAL LIABILITIES | 625,081,119 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 73,136,390 |
| TOTAL EQUITY | 73,136,390 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 698,217,509 |
| INCOME & EXPENSE | |
| Loan Income | 28,154,052 |
| Investment Income | 4,323,597 |
| Other Income | 4,914,102 |
| Total Employee Compensation & Benefits | 11,590,145 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 14,764,185 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,097,424 |
| Cost of Funds | 6,831,035 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,006,823 |
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