Dec, 31, 2020 — FIRST COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in MUNCIE, IN with 1 branch location and about $21.62 million in total assets. Opened 60 years ago in 1961, FIRST COUNTY FEDERAL CREDIT UNION has about 2,549 members and employs 7 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 |
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Address: (Main Office) | 1100 W 11TH ST MUNCIE, IN 47302 |
Phone: | (765) 284-3471 |
Fax: | (765) 282-3863 |
Website: | http://www.firstcountyfcu.org |
Branches: | 1 branch locations |
Members: | 2,549 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14163 |
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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: | $21,620,718 |
CEO/Manager: | Julie Eskew |
Chairperson: | Michael Fox |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,568,560 |
TOTAL INVESTMENTS | 2,542,633 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,045,796 |
Unsecured Loans | 777,511 |
Other Loans | 12,003,175 |
TOTAL LOANS | 13,826,482 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -68,351 |
Land And Building | 187,401 |
Other Fixed Assets | 40,381 |
NCUSIF Deposit | 168,634 |
All Other Assets | 354,978 |
TOTAL ASSETS | 21,620,718 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 4,654 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 33,333 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,923,858 |
Regular shares | 8,655,466 |
All Other Shares & Deposits | 8,421,352 |
TOTAL SHARES & DEPOSITS | 20,000,676 |
TOTAL LIABILITIES | 20,038,663 |
Regular Reserve | 504,485 |
Other Reserves | 0 |
Undivided Earnings | 1,077,570 |
TOTAL EQUITY | 1,582,055 |
TOTAL LIABILITIES, SHARES, & EQUITY | 21,620,718 |
INCOME & EXPENSE | |
Loan Income | 862,635 |
Investment Income | 58,798 |
Other Income | 258,383 |
Total Employee Compensation & Benefits | 330,670 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 510,388 |
Non-operating Income & (Expense) | -20,648 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,289 |
Cost of Funds | 133,630 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 168,191 |
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