Dec, 31, 2020 — FIRSTLIGHT FEDERAL CREDIT UNION is a federal credit union headquartered in El Paso, TX with 10 branch locations and about $1.32 billion in total assets. Opened 66 years ago in 1955, FIRSTLIGHT FEDERAL CREDIT UNION has about 106,877 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 |
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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: | 106,877 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10174 |
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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: | $1,320,022,310 |
CEO/Manager: | Karl T Murphy |
Chairperson: | Jaime Barceleau |
ASSETS: | $ Amount |
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Cash & Equivalents | 167,335,067 |
TOTAL INVESTMENTS | 126,012,473 |
Loans Held for Sale | 1,095,911 |
Real Estate Loans | 518,891,457 |
Unsecured Loans | 89,627,127 |
Other Loans | 341,685,641 |
TOTAL LOANS | 950,531,124 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,752,533 |
Land And Building | 33,556,383 |
Other Fixed Assets | 6,402,747 |
NCUSIF Deposit | 10,690,307 |
All Other Assets | 34,150,831 |
TOTAL ASSETS | 1,320,022,310 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 195,573 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 11,414,986 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 316,040,938 |
Regular shares | 291,537,660 |
All Other Shares & Deposits | 587,959,282 |
TOTAL SHARES & DEPOSITS | 1,195,537,880 |
TOTAL LIABILITIES | 1,207,148,439 |
Regular Reserve | 5,996,720 |
Other Reserves | 107,148 |
Undivided Earnings | 106,770,003 |
TOTAL EQUITY | 112,873,871 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,320,022,310 |
INCOME & EXPENSE | |
Loan Income | 46,713,220 |
Investment Income | 2,049,492 |
Other Income | 21,431,390 |
Total Employee Compensation & Benefits | 25,119,414 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 21,948,837 |
Non-operating Income & (Expense) | 425,200 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,895,540 |
Cost of Funds | 7,611,294 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 8,044,217 |
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