Jun, 30, 2024 — FREEDOM FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in ROANOKE, VA with 14 branch locations and about $1.03 billion in total assets. Opened 68 years ago in 1956, FREEDOM FIRST FEDERAL CREDIT UNION has about 61,586 members and employs 229 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FREEDOM FIRST FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 207 Bullitt Ave SE ROANOKE, VA 24013 |
Phone: | (540) 389-0244 |
Fax: | |
Website: | https://www.freedomfirst.com |
Branches: | 14 branch locations |
Members: | 61,586 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11111 |
---|---|
Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Mar 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,025,500,443 |
CEO/Manager: | Paul Phillips |
Chairperson: | Brent G Cochran |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 42,576,676 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,255,233 |
Real Estate Loans | 627,666,679 |
Unsecured Loans | 27,636,573 |
Other Loans | 216,301,780 |
TOTAL LOANS | 871,605,032 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,407,000 |
Land And Building | 33,425,696 |
Other Fixed Assets | 2,113,531 |
NCUSIF Deposit | 6,379,215 |
All Other Assets | 67,735 |
TOTAL ASSETS | 1,025,500,443 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 247,631 |
Notes & Interest Payable | 73,725,000 |
Accounts Payable & Other Liabilities | 15,398,966 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 26,900,000 |
Share Drafts | 261,190,697 |
Regular shares | 200,511,745 |
All Other Shares & Deposits | 376,071,245 |
TOTAL SHARES & DEPOSITS | 837,773,687 |
TOTAL LIABILITIES | 954,045,284 |
Regular Reserve | 0 |
Other Reserves | -4,051,838 |
Undivided Earnings | 75,506,997 |
TOTAL EQUITY | 71,455,159 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,025,500,443 |
INCOME & EXPENSE | |
Loan Income | 24,105,277 |
Investment Income | -61,648 |
Other Income | 4,296,085 |
Total Employee Compensation & Benefits | 16,089,472 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 10,586,733 |
Non-operating Income & (Expense) | -28,456 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 853,733 |
Cost of Funds | 4,085,464 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,908,826 |
↑ Back to Top |