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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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