Dec, 31, 2023 — FORT LEE FEDERAL CREDIT UNION is a federal credit union headquartered in PRINCE GEORGE, VA with 2 branch locations and about $259.12 million in total assets. Opened 72 years ago in 1952, FORT LEE FEDERAL CREDIT UNION has about 17,320 members and employs 51 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FORT LEE FEDERAL CREDIT UNION |
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Address: (Main Office) | 4495 Crossings Blvd PRINCE GEORGE, VA 23875 |
Phone: | (804) 452-0736 |
Fax: | (804) 458-1182 |
Website: | https://www.homebasecu.org |
Branches: | 2 branch locations |
Members: | 17,320 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7722 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $259,123,540 |
CEO/Manager: | Clint T Summers |
Chairperson: | Glenn G Horst Jr |
ASSETS: | $ Amount |
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Cash & Equivalents | 17,758,782 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 39,581,361 |
Unsecured Loans | 21,736,971 |
Other Loans | 84,463,368 |
TOTAL LOANS | 145,781,699 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,543,465 |
Land And Building | 6,482,502 |
Other Fixed Assets | 664,404 |
NCUSIF Deposit | 2,187,021 |
All Other Assets | 0 |
TOTAL ASSETS | 259,123,540 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 493,886 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 767,525 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 43,752,941 |
Regular shares | 115,329,693 |
All Other Shares & Deposits | 80,118,293 |
TOTAL SHARES & DEPOSITS | 239,200,925 |
TOTAL LIABILITIES | 240,462,336 |
Regular Reserve | 0 |
Other Reserves | -7,484,638 |
Undivided Earnings | 26,145,842 |
TOTAL EQUITY | 18,661,204 |
TOTAL LIABILITIES, SHARES, & EQUITY | 259,123,540 |
INCOME & EXPENSE | |
Loan Income | 7,183,538 |
Investment Income | 2,442,469 |
Other Income | 1,781,247 |
Total Employee Compensation & Benefits | 4,189,367 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,861,078 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 600,000 |
Cost of Funds | 2,045,626 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,519,220 |
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