Dec, 31, 2023 — FIRST FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in FREEHOLD, NJ with 4 branch locations and about $194.38 million in total assets. Opened 88 years ago in 1936, FIRST FINANCIAL FEDERAL CREDIT UNION has about 15,853 members and employs 45 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 FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 391 US Highway 9 FREEHOLD, NJ 07728-8562 |
| Phone: | (732) 312-1500 |
| Fax: | (732) 312-1526 |
| Website: | https://www.firstffcu.com |
| Branches: | 4 branch locations |
| Members: | 15,853 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1021 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $194,383,119 |
| CEO/Manager: | Issa Stephan |
| Chairperson: | Gordon Holder |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,442,893 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 32,418,305 |
| Unsecured Loans | 9,338,549 |
| Other Loans | 62,863,640 |
| TOTAL LOANS | 104,775,898 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,087,856 |
| Land And Building | 9,476,318 |
| Other Fixed Assets | 408,130 |
| NCUSIF Deposit | 1,950,337 |
| All Other Assets | 228,900 |
| TOTAL ASSETS | 194,383,119 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 105,494 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 53,377,084 |
| Regular shares | 100,972,640 |
| All Other Shares & Deposits | 33,383,559 |
| TOTAL SHARES & DEPOSITS | 187,733,284 |
| TOTAL LIABILITIES | 187,838,778 |
| Regular Reserve | 0 |
| Other Reserves | 2,428,867 |
| Undivided Earnings | 4,115,474 |
| TOTAL EQUITY | 6,544,341 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 194,383,119 |
| INCOME & EXPENSE | |
| Loan Income | 4,599,534 |
| Investment Income | 1,725,021 |
| Other Income | 1,573,710 |
| Total Employee Compensation & Benefits | 3,178,057 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,711,182 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 136,781 |
| Cost of Funds | 57,110 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 907,628 |
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