Jun, 30, 2024 — FIRST COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in MUNCIE, IN with 2 branch locations and about $31.56 million in total assets. Opened 64 years ago in 1961, FIRST COUNTY FEDERAL CREDIT UNION has about 3,788 members and employs 8 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 COUNTY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1100 W 11th St MUNCIE, IN 47302-2232 |
| Phone: | (765) 284-3471 |
| Fax: | (765) 282-3863 |
| Website: | https://www.firstcountyfcu.org |
| Branches: | 2 branch locations |
| Members: | 3,788 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14163 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $31,563,365 |
| CEO/Manager: | Julie Eskew |
| Chairperson: | Michael Fox |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,647,985 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,466,829 |
| Unsecured Loans | 1,032,331 |
| Other Loans | 9,800,727 |
| TOTAL LOANS | 12,299,887 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -59,293 |
| Land And Building | 217,765 |
| Other Fixed Assets | 107,015 |
| NCUSIF Deposit | 289,991 |
| All Other Assets | 0 |
| TOTAL ASSETS | 31,563,365 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,332 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 53,700 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,214,475 |
| Regular shares | 17,266,196 |
| All Other Shares & Deposits | 7,229,674 |
| TOTAL SHARES & DEPOSITS | 28,710,345 |
| TOTAL LIABILITIES | 28,765,377 |
| Regular Reserve | 0 |
| Other Reserves | 793,648 |
| Undivided Earnings | 2,004,340 |
| TOTAL EQUITY | 2,797,988 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 31,563,365 |
| INCOME & EXPENSE | |
| Loan Income | 523,780 |
| Investment Income | 129,121 |
| Other Income | 105,035 |
| Total Employee Compensation & Benefits | 352,768 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 409,275 |
| Non-operating Income & (Expense) | 82,693 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,410 |
| Cost of Funds | 55,876 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 165,008 |
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