Dec, 31, 2023 — FIRST FAMILY FEDERAL CREDIT UNION is a federal credit union headquartered in HENRYETTA, OK with 5 branch locations and about $141.20 million in total assets. Opened 68 years ago in 1956, FIRST FAMILY FEDERAL CREDIT UNION has about 17,031 members and employs 71 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 FAMILY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 315 W Main St HENRYETTA, OK 74437 |
| Phone: | (918) 652-4407 |
| Fax: | |
| Website: | https://www.firstfamilyfcu.com |
| Branches: | 5 branch locations |
| Members: | 17,031 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11057 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $141,195,487 |
| CEO/Manager: | David F Dykes, Jr. |
| Chairperson: | Tony Gustin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,874,622 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,015,893 |
| Unsecured Loans | 8,969,733 |
| Other Loans | 95,143,838 |
| TOTAL LOANS | 105,129,464 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -866,505 |
| Land And Building | 7,057,680 |
| Other Fixed Assets | 1,387,244 |
| NCUSIF Deposit | 1,213,476 |
| All Other Assets | 132,185 |
| TOTAL ASSETS | 141,195,487 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,678,712 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,843,888 |
| Regular shares | 46,860,821 |
| All Other Shares & Deposits | 55,238,964 |
| TOTAL SHARES & DEPOSITS | 124,943,673 |
| TOTAL LIABILITIES | 127,622,385 |
| Regular Reserve | 0 |
| Other Reserves | -202,975 |
| Undivided Earnings | 13,776,077 |
| TOTAL EQUITY | 13,573,102 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 141,195,487 |
| INCOME & EXPENSE | |
| Loan Income | 6,170,997 |
| Investment Income | 705,686 |
| Other Income | 1,693,884 |
| Total Employee Compensation & Benefits | 4,140,679 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,046,466 |
| Non-operating Income & (Expense) | 567,945 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 351,150 |
| Cost of Funds | 1,694,023 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,535,197 |
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