Jun, 30, 2024 — FORT FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in FORT WAYNE, IN with 10 branch locations and about $335.45 million in total assets. Opened 78 years ago in 1946, FORT FINANCIAL FEDERAL CREDIT UNION has about 28,285 members and employs 104 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FORT FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3102 Spring St FORT WAYNE, IN 46808-2962 |
| Phone: | (260) 432-1561 |
| Fax: | (260) 435-5150 |
| Website: | https://fortfinancial.org |
| Branches: | 10 branch locations |
| Members: | 28,285 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5431 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation equipment |
| Corporate Credit Union: | No |
| Year Opened: | 1946 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $335,447,593 |
| CEO/Manager: | Steve Collins |
| Chairperson: | Jeff Liechty |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,985,483 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 109,122,016 |
| Unsecured Loans | 7,652,658 |
| Other Loans | 163,525,934 |
| TOTAL LOANS | 280,300,608 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,918,909 |
| Land And Building | 13,754,680 |
| Other Fixed Assets | 898,971 |
| NCUSIF Deposit | 2,873,712 |
| All Other Assets | 0 |
| TOTAL ASSETS | 335,447,593 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,718,675 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 67,463,712 |
| Regular shares | 133,595,624 |
| All Other Shares & Deposits | 101,484,319 |
| TOTAL SHARES & DEPOSITS | 302,543,655 |
| TOTAL LIABILITIES | 306,262,330 |
| Regular Reserve | 0 |
| Other Reserves | -271,020 |
| Undivided Earnings | 29,456,283 |
| TOTAL EQUITY | 29,185,263 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 335,447,593 |
| INCOME & EXPENSE | |
| Loan Income | 11,338,372 |
| Investment Income | 254,720 |
| Other Income | 2,469,030 |
| Total Employee Compensation & Benefits | 5,922,635 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,229,690 |
| Non-operating Income & (Expense) | 203,303 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,160,110 |
| Cost of Funds | 421,201 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,948,781 |
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