Mar, 31, 2021 — FIRSTLIGHT FEDERAL CREDIT UNION is a federal credit union headquartered in El Paso, TX with 10 branch locations and about $1.40 billion in total assets. Opened 66 years ago in 1955, FIRSTLIGHT FEDERAL CREDIT UNION has about 107,028 members and employs 345 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: | http://www.firstlightfcu.org |
| Branches: | 10 branch locations |
| Members: | 107,028 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,403,532,142 |
| CEO/Manager: | Karl T Murphy |
| Chairperson: | Jaime Barceleau |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 234,304,367 |
| TOTAL INVESTMENTS | 129,161,477 |
| Loans Held for Sale | 1,322,441 |
| Real Estate Loans | 524,523,504 |
| Unsecured Loans | 85,365,817 |
| Other Loans | 354,048,910 |
| TOTAL LOANS | 964,254,060 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,937,533 |
| Land And Building | 33,345,839 |
| Other Fixed Assets | 6,641,877 |
| NCUSIF Deposit | 11,208,637 |
| All Other Assets | 33,230,977 |
| TOTAL ASSETS | 1,403,532,142 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 161,713 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,817,566 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 349,504,823 |
| Regular shares | 335,445,314 |
| All Other Shares & Deposits | 590,733,176 |
| TOTAL SHARES & DEPOSITS | 1,275,683,313 |
| TOTAL LIABILITIES | 1,287,662,592 |
| Regular Reserve | 5,996,720 |
| Other Reserves | -553,329 |
| Undivided Earnings | 110,426,159 |
| TOTAL EQUITY | 115,869,550 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,403,532,142 |
| INCOME & EXPENSE | |
| Loan Income | 11,425,878 |
| Investment Income | 493,942 |
| Other Income | 2,540,623 |
| Total Employee Compensation & Benefits | 6,175,261 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,714,125 |
| Non-operating Income & (Expense) | 5,119 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,041,582 |
| Cost of Funds | 1,282,569 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,656,155 |
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