Dec, 31, 2023 — CITY OF FIRSTS COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in KOKOMO, IN with 1 branch location and about $45.70 million in total assets. Opened 86 years ago in 1938, CITY OF FIRSTS COMMUNITY FEDERAL CREDIT UNION has about 3,857 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CITY OF FIRSTS COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1120 S Main St KOKOMO, IN 46902 |
| Phone: | (765) 454-5590 |
| Fax: | (765) 454-5596 |
| Website: | https://coffcu.org |
| Branches: | 1 branch locations |
| Members: | 3,857 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3012 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $45,704,078 |
| CEO/Manager: | Felicia A Cox |
| Chairperson: | THOMAS RICHARDSON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,818,594 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,076,228 |
| Unsecured Loans | 1,830,588 |
| Other Loans | 6,504,147 |
| TOTAL LOANS | 10,410,963 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -64,824 |
| Land And Building | 499,081 |
| Other Fixed Assets | 28,319 |
| NCUSIF Deposit | 336,685 |
| All Other Assets | 0 |
| TOTAL ASSETS | 45,704,078 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,904,043 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,956,629 |
| Regular shares | 19,738,592 |
| All Other Shares & Deposits | 4,581,267 |
| TOTAL SHARES & DEPOSITS | 32,276,488 |
| TOTAL LIABILITIES | 42,180,531 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,523,547 |
| TOTAL EQUITY | 3,523,547 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 45,704,078 |
| INCOME & EXPENSE | |
| Loan Income | 438,335 |
| Investment Income | 627,308 |
| Other Income | 188,226 |
| Total Employee Compensation & Benefits | 440,751 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 647,215 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,000 |
| Cost of Funds | 50,731 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 425,552 |
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