Dec, 31, 2023 — FIRST SERVICE FEDERAL CREDIT UNION is a federal credit union headquartered in GROVEPORT, OH with 5 branch locations and about $212.53 million in total assets. Opened 68 years ago in 1956, FIRST SERVICE FEDERAL CREDIT UNION has about 15,315 members and employs 42 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 SERVICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 Main St GROVEPORT, OH 43125-1198 |
| Phone: | (614) 836-0100 |
| Fax: | (614) 836-4578 |
| Website: | https://firstcu.com |
| Branches: | 5 branch locations |
| Members: | 15,315 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11170 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $212,534,518 |
| CEO/Manager: | Jack R Harper |
| Chairperson: | Jim Kozelek |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,314,635 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 52,425,419 |
| Unsecured Loans | 7,924,713 |
| Other Loans | 74,387,082 |
| TOTAL LOANS | 140,173,888 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,103,738 |
| Land And Building | 4,727,731 |
| Other Fixed Assets | 263,082 |
| NCUSIF Deposit | 1,790,430 |
| All Other Assets | 0 |
| TOTAL ASSETS | 212,534,518 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,594 |
| Notes & Interest Payable | 376,109 |
| Accounts Payable & Other Liabilities | 1,739,558 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 36,867,172 |
| Regular shares | 97,491,572 |
| All Other Shares & Deposits | 56,331,917 |
| TOTAL SHARES & DEPOSITS | 190,690,661 |
| TOTAL LIABILITIES | 192,807,922 |
| Regular Reserve | 0 |
| Other Reserves | 1,768,542 |
| Undivided Earnings | 17,958,054 |
| TOTAL EQUITY | 19,726,596 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 212,534,518 |
| INCOME & EXPENSE | |
| Loan Income | 6,729,631 |
| Investment Income | 1,822,503 |
| Other Income | 1,192,574 |
| Total Employee Compensation & Benefits | 3,222,979 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,647,560 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 377,210 |
| Cost of Funds | 2,243,136 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,641,340 |
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