Dec, 31, 2023 — FRIENDS & FAMILY CREDIT UNION is a non-federally insured state credit union headquartered in MASSILLON, OH with 3 branch locations and about $107.66 million in total assets. Opened 2024 years ago in 0, FRIENDS & FAMILY CREDIT UNION has about 10,023 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FRIENDS & FAMILY CREDIT UNION |
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Address: (Main Office) | 3920 Erie St S MASSILLON, OH 44646 |
Phone: | (330) 832-1371 |
Fax: | (330) 832-7650 |
Website: | https://www.friendsandfamilycu.com |
Branches: | 3 branch locations |
Members: | 10,023 |
Credit Union Type: | Non-Federally Insured State Credit Union |
Charter Number: | 96750 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 0 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $107,658,335 |
CEO/Manager: | Jeanna C Costanzo |
Chairperson: | Jim Triner |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,446,903 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 29,251,225 |
Unsecured Loans | 4,536,790 |
Other Loans | 44,946,423 |
TOTAL LOANS | 78,734,437 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -68,309 |
Land And Building | 2,246,459 |
Other Fixed Assets | 661,018 |
NCUSIF Deposit | 0 |
All Other Assets | 0 |
TOTAL ASSETS | 107,658,335 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 145,095 |
Notes & Interest Payable | 2,000,000 |
Accounts Payable & Other Liabilities | 320,158 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 16,117,593 |
Regular shares | 41,385,626 |
All Other Shares & Deposits | 39,811,749 |
TOTAL SHARES & DEPOSITS | 97,314,968 |
TOTAL LIABILITIES | 99,780,221 |
Regular Reserve | 0 |
Other Reserves | 289,785 |
Undivided Earnings | 7,588,329 |
TOTAL EQUITY | 7,878,114 |
TOTAL LIABILITIES, SHARES, & EQUITY | 107,658,335 |
INCOME & EXPENSE | |
Loan Income | 3,626,857 |
Investment Income | 585,786 |
Other Income | 773,650 |
Total Employee Compensation & Benefits | 1,502,689 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,440,562 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 33,520 |
Cost of Funds | 969,823 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 403,098 |
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