Dec, 31, 2023 — THE FIRST FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in PASADENA, CA with 6 branch locations and about $800.56 million in total assets. Opened 50 years ago in 1974, THE FIRST FINANCIAL FEDERAL CREDIT UNION has about 34,973 members and employs 130 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | THE FIRST FINANCIAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 650 Sierra Madre Villa Ave STE 300 PASADENA, CA 91107-2073 |
Phone: | (800) 537-8491 |
Fax: | |
Website: | https://www.ffcu.org |
Branches: | 6 branch locations |
Members: | 34,973 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24875 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1974 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $800,561,415 |
CEO/Manager: | Carlton Musmann |
Chairperson: | Kari Jean McMullin |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,679,092 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 183,153,985 |
Unsecured Loans | 103,514,881 |
Other Loans | 125,322,187 |
TOTAL LOANS | 411,991,053 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,134,626 |
Land And Building | 14,438,935 |
Other Fixed Assets | 1,544,919 |
NCUSIF Deposit | 7,088,542 |
All Other Assets | 108,581 |
TOTAL ASSETS | 800,561,415 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,981,189 |
Notes & Interest Payable | 79,500,000 |
Accounts Payable & Other Liabilities | 6,174,893 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 183,714,844 |
Regular shares | 321,941,929 |
All Other Shares & Deposits | 197,609,971 |
TOTAL SHARES & DEPOSITS | 703,266,745 |
TOTAL LIABILITIES | 792,922,827 |
Regular Reserve | 0 |
Other Reserves | -46,961,415 |
Undivided Earnings | 54,600,003 |
TOTAL EQUITY | 7,638,588 |
TOTAL LIABILITIES, SHARES, & EQUITY | 800,561,415 |
INCOME & EXPENSE | |
Loan Income | 21,093,456 |
Investment Income | 9,363,908 |
Other Income | 5,284,174 |
Total Employee Compensation & Benefits | 16,341,740 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 11,002,813 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,270,822 |
Cost of Funds | 8,362,640 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -2,001,491 |
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