Jun, 30, 2021 — FIRST COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in MUNCIE, IN with 2 branch locations and about $33.03 million in total assets. Opened 60 years ago in 1961, FIRST COUNTY FEDERAL CREDIT UNION has about 4,038 members and employs 11 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 |
| Phone: | (765) 284-3471 |
| Fax: | (765) 282-3863 |
| Website: | http://www.firstcountyfcu.org |
| Branches: | 2 branch locations |
| Members: | 4,038 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $33,028,386 |
| CEO/Manager: | Julie Eskew |
| Chairperson: | Michael Fox |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,330,400 |
| TOTAL INVESTMENTS | 8,296,956 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 955,127 |
| Unsecured Loans | 933,698 |
| Other Loans | 13,731,543 |
| TOTAL LOANS | 15,620,368 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,328 |
| Land And Building | 249,094 |
| Other Fixed Assets | 42,753 |
| NCUSIF Deposit | 294,394 |
| All Other Assets | 243,749 |
| TOTAL ASSETS | 33,028,386 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,482 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 44,046 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,292,181 |
| Regular shares | 16,389,824 |
| All Other Shares & Deposits | 9,693,473 |
| TOTAL SHARES & DEPOSITS | 30,375,478 |
| TOTAL LIABILITIES | 30,422,006 |
| Regular Reserve | 504,485 |
| Other Reserves | 896,668 |
| Undivided Earnings | 1,205,227 |
| TOTAL EQUITY | 2,606,380 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,028,386 |
| INCOME & EXPENSE | |
| Loan Income | 381,679 |
| Investment Income | 28,355 |
| Other Income | 60,351 |
| Total Employee Compensation & Benefits | 209,886 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 232,648 |
| Non-operating Income & (Expense) | 32,845 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -22,405 |
| Cost of Funds | 55,295 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 127,657 |
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