Dec, 31, 2023 — FIREFIGHTERS FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in PASADENA, CA with 14 branch locations and about $2.10 billion in total assets. Opened 89 years ago in 1935, FIREFIGHTERS FIRST FEDERAL CREDIT UNION has about 64,365 members and employs 266 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIREFIGHTERS FIRST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1520 W Colorado Blvd PASADENA, CA 91105-1413 |
| Phone: | (323) 254-1700 |
| Fax: | (323) 550-4914 |
| Website: | https://www.firefightersfirstcu.org |
| Branches: | 14 branch locations |
| Members: | 64,365 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24877 |
|---|---|
| Membership Type: | Single common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,102,096,032 |
| CEO/Manager: | Dixie Abramian |
| Chairperson: | John Buck |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 246,888,771 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,159,382,317 |
| Unsecured Loans | 91,617,909 |
| Other Loans | 432,850,132 |
| TOTAL LOANS | 1,683,850,358 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,365,536 |
| Land And Building | 14,650,858 |
| Other Fixed Assets | 1,267,662 |
| NCUSIF Deposit | 16,367,210 |
| All Other Assets | 23,875 |
| TOTAL ASSETS | 2,102,096,032 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,079 |
| Notes & Interest Payable | 50,000,000 |
| Accounts Payable & Other Liabilities | 27,915,138 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 341,871,508 |
| Regular shares | 311,802,826 |
| All Other Shares & Deposits | 1,187,056,360 |
| TOTAL SHARES & DEPOSITS | 1,840,730,695 |
| TOTAL LIABILITIES | 1,918,809,864 |
| Regular Reserve | 0 |
| Other Reserves | -7,693,275 |
| Undivided Earnings | 190,979,443 |
| TOTAL EQUITY | 183,286,168 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,102,096,032 |
| INCOME & EXPENSE | |
| Loan Income | 64,692,601 |
| Investment Income | 17,233,309 |
| Other Income | 2,188,589 |
| Total Employee Compensation & Benefits | 31,313,114 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 22,408,497 |
| Non-operating Income & (Expense) | 226,411 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,456,488 |
| Cost of Funds | 30,122,330 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,652,874 |
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