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FIRST CITIZENS' FEDERAL CREDIT UNION

Mar, 31, 2021 — FIRST CITIZENS' FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRHAVEN, MA with 12 branch locations and about $885.86 million in total assets. Opened 84 years ago in 1937, FIRST CITIZENS' FEDERAL CREDIT UNION has about 78,744 members and employs 181 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 CITIZENS' FEDERAL CREDIT UNION
Address:
(Main Office)
200 MILL RD STE 100
FAIRHAVEN, MA 02719-5252
Phone:(508) 999-1341
Fax:(508) 999-4626
Website:http://www.firstcitizens.org
Branches:12 branch locations
Members:78,744
Credit Union Type:Federal Credit Union
Charter Number:24254
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1937
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$885,859,855
CEO/Manager:Christopher Howard
Chairperson:Rev David Lima

Call Report

  • Commercial Loans
  • Indirect Commercial Loans
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Health Savings Accounts
  • Insurance/Investment Sales
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 86,254,487
TOTAL INVESTMENTS 20,352,335
Loans Held for Sale 0
 
 Real Estate Loans 363,775,716
 Unsecured Loans 21,930,788
 Other Loans 359,320,272
 TOTAL LOANS 746,351,686
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,067,124
 Land And Building 10,723,989
 Other Fixed Assets 2,169,448
 NCUSIF Deposit 6,545,386
 All Other Assets 17,529,648
  TOTAL ASSETS 885,859,855
LIABILITIES & CAPITAL:  
 Dividends Payable 150
 Notes & Interest Payable 39,834,300
 Accounts Payable & Other Liabilities 8,363,705
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 208,920,141
 Regular shares 239,243,496
 All Other Shares & Deposits 302,539,921
  TOTAL SHARES & DEPOSITS 750,703,558
  TOTAL LIABILITIES 798,901,713
 Regular Reserve 7,551,729
 Other Reserves 754,123
 Undivided Earnings 78,652,290
  TOTAL EQUITY 86,958,142
  TOTAL LIABILITIES, SHARES, & EQUITY 885,859,855
INCOME & EXPENSE  
 Loan Income 7,942,544
 Investment Income 132,952
 Other Income 2,560,850
 Total Employee Compensation & Benefits 3,305,260
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,939,087
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 360,000
 Cost of Funds 595,626
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,578,903
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