Dec, 31, 2023 — CITY OF FIRSTS COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in KOKOMO, IN with 1 branch location and about $45.70 million in total assets. Opened 86 years ago in 1938, CITY OF FIRSTS COMMUNITY FEDERAL CREDIT UNION has about 3,857 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CITY OF FIRSTS COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1120 S Main St KOKOMO, IN 46902 |
Phone: | (765) 454-5590 |
Fax: | (765) 454-5596 |
Website: | https://coffcu.org |
Branches: | 1 branch locations |
Members: | 3,857 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3012 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $45,704,078 |
CEO/Manager: | Felicia A Cox |
Chairperson: | THOMAS RICHARDSON |
ASSETS: | $ Amount |
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Cash & Equivalents | 16,818,594 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,076,228 |
Unsecured Loans | 1,830,588 |
Other Loans | 6,504,147 |
TOTAL LOANS | 10,410,963 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -64,824 |
Land And Building | 499,081 |
Other Fixed Assets | 28,319 |
NCUSIF Deposit | 336,685 |
All Other Assets | 0 |
TOTAL ASSETS | 45,704,078 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 9,904,043 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,956,629 |
Regular shares | 19,738,592 |
All Other Shares & Deposits | 4,581,267 |
TOTAL SHARES & DEPOSITS | 32,276,488 |
TOTAL LIABILITIES | 42,180,531 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,523,547 |
TOTAL EQUITY | 3,523,547 |
TOTAL LIABILITIES, SHARES, & EQUITY | 45,704,078 |
INCOME & EXPENSE | |
Loan Income | 438,335 |
Investment Income | 627,308 |
Other Income | 188,226 |
Total Employee Compensation & Benefits | 440,751 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 647,215 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,000 |
Cost of Funds | 50,731 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 425,552 |
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» See also Statement of Financial Condition