Dec, 31, 2023 — FORT FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in FORT WAYNE, IN with 9 branch locations and about $342.92 million in total assets. Opened 78 years ago in 1946, FORT FINANCIAL FEDERAL CREDIT UNION has about 25,837 members and employs 97 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 FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8815 Lima Rd FORT WAYNE, IN 46818-1856 |
| Phone: | (260) 432-1561 |
| Fax: | (260) 435-5150 |
| Website: | https://fortfinancial.org |
| Branches: | 9 branch locations |
| Members: | 25,837 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5431 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation equipment |
| Corporate Credit Union: | No |
| Year Opened: | 1946 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $342,923,846 |
| CEO/Manager: | Steve Collins |
| Chairperson: | Jeff Liechty |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,948,395 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 135,443,272 |
| Unsecured Loans | 9,764,458 |
| Other Loans | 130,892,879 |
| TOTAL LOANS | 276,100,609 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,499,114 |
| Land And Building | 20,954,719 |
| Other Fixed Assets | 1,353,455 |
| NCUSIF Deposit | 2,889,378 |
| All Other Assets | 0 |
| TOTAL ASSETS | 342,923,846 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,138,053 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 61,517,818 |
| Regular shares | 122,245,209 |
| All Other Shares & Deposits | 119,105,335 |
| TOTAL SHARES & DEPOSITS | 302,868,363 |
| TOTAL LIABILITIES | 309,006,416 |
| Regular Reserve | 0 |
| Other Reserves | 660,295 |
| Undivided Earnings | 33,257,135 |
| TOTAL EQUITY | 33,917,430 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 342,923,846 |
| INCOME & EXPENSE | |
| Loan Income | 16,398,262 |
| Investment Income | 385,168 |
| Other Income | 2,938,416 |
| Total Employee Compensation & Benefits | 8,368,233 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,139,580 |
| Non-operating Income & (Expense) | 2,493,365 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,828,055 |
| Cost of Funds | 2,109,902 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,351,505 |
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