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FIRST FINANCIAL FEDERAL CREDIT UNION

Dec, 31, 2020 — FIRST FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in Freehold, NJ with 4 branch locations and about $192.06 million in total assets. Opened 85 years ago in 1936, FIRST FINANCIAL FEDERAL CREDIT UNION has about 17,770 members and employs 45 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 FINANCIAL FEDERAL CREDIT UNION
Address:
(Main Office)
391 US Highway 9
Freehold, NJ 07728-8562
Phone:(732) 312-1500
Fax:(732) 312-1526
Website:http://www.firstffcu.com
Branches:4 branch locations
Members:17,770
Credit Union Type:Federal Credit Union
Charter Number:1021
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1936
Last Audited:Dec 01, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$192,058,671
CEO/Manager:Issa Stephan
Chairperson:Gordon Holder

Call Report

  • Commercial Loans
  • Debt Cancellation/Suspension
  • Indirect Commercial Loans
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Business Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 43,899,472
TOTAL INVESTMENTS 40,277,248
Loans Held for Sale 0
 
 Real Estate Loans 42,476,465
 Unsecured Loans 18,170,847
 Other Loans 38,063,371
 TOTAL LOANS 98,710,683
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -5,433,491
 Land And Building 10,030,146
 Other Fixed Assets 340,760
 NCUSIF Deposit 1,774,763
 All Other Assets 2,459,090
  TOTAL ASSETS 192,058,671
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 51,954
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 47,808,664
 Regular shares 94,519,360
 All Other Shares & Deposits 43,717,827
  TOTAL SHARES & DEPOSITS 186,045,851
  TOTAL LIABILITIES 186,097,805
 Regular Reserve 4,359,674
 Other Reserves -2,514,282
 Undivided Earnings 4,115,474
  TOTAL EQUITY 5,960,866
  TOTAL LIABILITIES, SHARES, & EQUITY 192,058,671
INCOME & EXPENSE  
 Loan Income 5,049,224
 Investment Income 516,623
 Other Income 2,041,902
 Total Employee Compensation & Benefits 2,806,483
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,573,926
 Non-operating Income & (Expense) 328,321
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,422,725
 Cost of Funds 98,130
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 34,806
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