Mar, 31, 2021 — FIRST COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in MUNCIE, IN with 2 branch locations and about $23.04 million in total assets. Opened 60 years ago in 1961, FIRST COUNTY FEDERAL CREDIT UNION has about 2,519 members and employs 6 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: | 2,519 |
| 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: | $23,037,178 |
| CEO/Manager: | Julie Eskew |
| Chairperson: | Michael Fox |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,621,976 |
| TOTAL INVESTMENTS | 2,642,633 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,033,025 |
| Unsecured Loans | 681,122 |
| Other Loans | 11,459,456 |
| TOTAL LOANS | 13,173,603 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -58,529 |
| Land And Building | 180,519 |
| Other Fixed Assets | 43,800 |
| NCUSIF Deposit | 196,030 |
| All Other Assets | 237,146 |
| TOTAL ASSETS | 23,037,178 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,682 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 36,871 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,719,608 |
| Regular shares | 8,924,200 |
| All Other Shares & Deposits | 8,717,176 |
| TOTAL SHARES & DEPOSITS | 21,360,984 |
| TOTAL LIABILITIES | 21,401,537 |
| Regular Reserve | 504,485 |
| Other Reserves | 0 |
| Undivided Earnings | 1,131,156 |
| TOTAL EQUITY | 1,635,641 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,037,178 |
| INCOME & EXPENSE | |
| Loan Income | 178,686 |
| Investment Income | 11,752 |
| Other Income | 27,664 |
| Total Employee Compensation & Benefits | 81,326 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 102,542 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -7,656 |
| Cost of Funds | 29,324 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 53,585 |
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