Dec, 31, 2023 — FIRSTLIGHT FEDERAL CREDIT UNION is a federal credit union headquartered in EL PASO, TX with 10 branch locations and about $1.55 billion in total assets. Opened 69 years ago in 1955, FIRSTLIGHT FEDERAL CREDIT UNION has about 107,260 members and employs 352 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FIRSTLIGHT FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 9983 Kenworthy St EL PASO, TX 79924 |
Phone: | (915) 562-1172 |
Fax: | (915) 745-4110 |
Website: | https://www.firstlightfcu.org |
Branches: | 10 branch locations |
Members: | 107,260 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10174 |
---|---|
Membership Type: | Multiple common bond - Primarily military |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,550,607,062 |
CEO/Manager: | Margarita Salazar |
Chairperson: | Jaime Barceleau |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 93,748,872 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 2,265,074 |
Real Estate Loans | 596,738,213 |
Unsecured Loans | 141,800,838 |
Other Loans | 532,348,767 |
TOTAL LOANS | 1,271,602,970 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,628,574 |
Land And Building | 37,281,980 |
Other Fixed Assets | 19,763,204 |
NCUSIF Deposit | 12,221,298 |
All Other Assets | 297,635 |
TOTAL ASSETS | 1,550,607,062 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 617,740 |
Notes & Interest Payable | 83,920,000 |
Accounts Payable & Other Liabilities | 17,761,561 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 336,351,382 |
Regular shares | 338,786,804 |
All Other Shares & Deposits | 628,077,036 |
TOTAL SHARES & DEPOSITS | 1,303,215,221 |
TOTAL LIABILITIES | 1,405,514,522 |
Regular Reserve | 0 |
Other Reserves | -6,720,520 |
Undivided Earnings | 151,813,060 |
TOTAL EQUITY | 145,092,540 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,550,607,062 |
INCOME & EXPENSE | |
Loan Income | 69,113,108 |
Investment Income | 17,649,616 |
Other Income | 12,262,235 |
Total Employee Compensation & Benefits | 30,543,992 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 29,622,732 |
Non-operating Income & (Expense) | 3,796,012 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,625,840 |
Cost of Funds | 30,268,992 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 11,883,963 |
↑ Back to Top |