Dec, 31, 2023 — FRONT ROYAL FEDERAL CREDIT UNION is a federal credit union headquartered in FRONT ROYAL, VA with 1 branch location and about $81.59 million in total assets. Opened 75 years ago in 1949, FRONT ROYAL FEDERAL CREDIT UNION has about 5,601 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FRONT ROYAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 230 N Royal Ave FRONT ROYAL, VA 22630-2616 |
Phone: | (540) 635-7133 |
Fax: | (540) 635-6036 |
Website: | https://www.frontroyalfcu.org |
Branches: | 1 branch locations |
Members: | 5,601 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6084 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $81,589,204 |
CEO/Manager: | Kim K Darr |
Chairperson: | Michael E Utley |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,720,557 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 9,035,337 |
Unsecured Loans | 1,672,474 |
Other Loans | 10,161,714 |
TOTAL LOANS | 20,869,525 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -101,979 |
Land And Building | 945,790 |
Other Fixed Assets | 114,590 |
NCUSIF Deposit | 705,704 |
All Other Assets | 0 |
TOTAL ASSETS | 81,589,204 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 125,043 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 510,320 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 19,828,235 |
Regular shares | 46,572,190 |
All Other Shares & Deposits | 3,220,131 |
TOTAL SHARES & DEPOSITS | 69,620,556 |
TOTAL LIABILITIES | 70,255,919 |
Regular Reserve | 0 |
Other Reserves | 316,400 |
Undivided Earnings | 11,016,885 |
TOTAL EQUITY | 11,333,285 |
TOTAL LIABILITIES, SHARES, & EQUITY | 81,589,204 |
INCOME & EXPENSE | |
Loan Income | 803,441 |
Investment Income | 1,610,498 |
Other Income | 411,872 |
Total Employee Compensation & Benefits | 807,723 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,142,758 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 113,765 |
Cost of Funds | 147,201 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 926,147 |
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