Dec, 31, 2023 — FIRST CREDIT UNION is a federally insured state chartered credit union headquartered in CHANDLER, AZ with 8 branch locations and about $705.64 million in total assets. Opened 89 years ago in 1935, FIRST CREDIT UNION has about 45,013 members and employs 148 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 CREDIT UNION |
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Address: (Main Office) | 25 S Arizona Pl Ste 111 CHANDLER, AZ 85225 |
Phone: | (480) 756-5500 |
Fax: | (480) 568-8849 |
Website: | https://www.firstcu.net |
Branches: | 8 branch locations |
Members: | 45,013 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68444 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $705,638,973 |
CEO/Manager: | Jay E Curtis |
Chairperson: | Caryn Horvitz-Strauss |
ASSETS: | $ Amount |
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Cash & Equivalents | 88,754,183 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 726,000 |
Real Estate Loans | 140,564,802 |
Unsecured Loans | 20,787,051 |
Other Loans | 241,078,970 |
TOTAL LOANS | 402,480,544 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,160,223 |
Land And Building | 7,746,433 |
Other Fixed Assets | 8,971,921 |
NCUSIF Deposit | 5,984,829 |
All Other Assets | 1,665,583 |
TOTAL ASSETS | 705,638,973 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 45,000,000 |
Accounts Payable & Other Liabilities | 13,285,917 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 162,606,627 |
Regular shares | 213,603,712 |
All Other Shares & Deposits | 223,615,068 |
TOTAL SHARES & DEPOSITS | 599,825,407 |
TOTAL LIABILITIES | 658,111,324 |
Regular Reserve | 0 |
Other Reserves | -16,026,340 |
Undivided Earnings | 63,553,989 |
TOTAL EQUITY | 47,527,649 |
TOTAL LIABILITIES, SHARES, & EQUITY | 705,638,973 |
INCOME & EXPENSE | |
Loan Income | 23,154,908 |
Investment Income | 8,074,765 |
Other Income | 3,208,782 |
Total Employee Compensation & Benefits | 12,163,441 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 12,888,043 |
Non-operating Income & (Expense) | 57,089 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,018,548 |
Cost of Funds | 4,333,934 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,984,497 |
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