Jun, 30, 2024 — FEDFINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in SILVER SPRING, MD with 1 branch location and about $87.57 million in total assets. Opened 90 years ago in 1935, FEDFINANCIAL FEDERAL CREDIT UNION has about 4,089 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FEDFINANCIAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 11233 Lockwood Dr SILVER SPRING, MD 20901-4554 |
Phone: | (301) 881-5626 |
Fax: | (301) 881-3024 |
Website: | https://www.fedfinancial.org |
Branches: | 1 branch locations |
Members: | 4,089 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 216 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Mar 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $87,566,918 |
CEO/Manager: | Jonathan A Rhodes |
Chairperson: | Russell J Abbott |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,655,703 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 8,306,297 |
Unsecured Loans | 4,693,322 |
Other Loans | 5,808,147 |
TOTAL LOANS | 18,807,766 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -50,029 |
Land And Building | 364,252 |
Other Fixed Assets | 181,868 |
NCUSIF Deposit | 707,870 |
All Other Assets | 0 |
TOTAL ASSETS | 87,566,918 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 535,911 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 29,576,174 |
Regular shares | 35,994,993 |
All Other Shares & Deposits | 14,865,059 |
TOTAL SHARES & DEPOSITS | 80,436,226 |
TOTAL LIABILITIES | 80,972,137 |
Regular Reserve | 0 |
Other Reserves | 610,080 |
Undivided Earnings | 5,984,701 |
TOTAL EQUITY | 6,594,781 |
TOTAL LIABILITIES, SHARES, & EQUITY | 87,566,918 |
INCOME & EXPENSE | |
Loan Income | 596,236 |
Investment Income | 741,879 |
Other Income | 168,980 |
Total Employee Compensation & Benefits | 1,040,326 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 829,542 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -17,380 |
Cost of Funds | 96,261 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -38,335 |
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