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FIRST FINANCIAL FEDERAL CREDIT UNION

Jun, 30, 2024 — FIRST FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in FREEHOLD, NJ with 4 branch locations and about $209.50 million in total assets. Opened 88 years ago in 1936, FIRST FINANCIAL FEDERAL CREDIT UNION has about 16,705 members and employs 48 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:https://www.firstffcu.com
Branches:4 branch locations
Members:16,705
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$209,499,640
CEO/Manager:Issa Stephan
Chairperson:Gordon Holder

Call Report

  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 16,526,699
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 31,164,811
 Unsecured Loans 11,042,712
 Other Loans 48,669,923
 TOTAL LOANS 91,047,071
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,892,220
 Land And Building 9,759,698
 Other Fixed Assets 470,335
 NCUSIF Deposit 1,971,347
 All Other Assets 503,925
  TOTAL ASSETS 209,499,640
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 355,722
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 54,191,628
 Regular shares 111,053,171
 All Other Shares & Deposits 39,584,277
  TOTAL SHARES & DEPOSITS 204,829,076
  TOTAL LIABILITIES 205,184,798
 Regular Reserve 0
 Other Reserves 199,368
 Undivided Earnings 4,115,474
  TOTAL EQUITY 4,314,842
  TOTAL LIABILITIES, SHARES, & EQUITY 209,499,640
INCOME & EXPENSE  
 Loan Income 2,661,819
 Investment Income 636,697
 Other Income 1,267,543
 Total Employee Compensation & Benefits 2,357,595
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,425,498
 Non-operating Income & (Expense) 944
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -205,404
 Cost of Funds 48,508
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 230,733
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