Mar, 31, 2022 — FIRST COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in JAMESTOWN, ND with 29 branch locations and about $1.13 billion in total assets. Opened 83 years ago in 1939, FIRST COMMUNITY CREDIT UNION has about 46,559 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: | FIRST COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 310 10th St SE JAMESTOWN, ND 58401-5555 |
| Phone: | (701) 252-0360 |
| Fax: | |
| Website: | https://www.myfccu.com |
| Branches: | 29 branch locations |
| Members: | 46,559 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60103 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,130,656,164 |
| CEO/Manager: | Stephen Schmitz |
| Chairperson: | Owen Olson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 71,665,214 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,256,550 |
| Real Estate Loans | 475,045,602 |
| Unsecured Loans | 18,665,260 |
| Other Loans | 261,601,243 |
| TOTAL LOANS | 757,811,929 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,438,892 |
| Land And Building | 25,196,359 |
| Other Fixed Assets | 1,896,146 |
| NCUSIF Deposit | 8,172,250 |
| All Other Assets | 1,109,563 |
| TOTAL ASSETS | 1,130,656,164 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 82,872 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,876,146 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 368,729,753 |
| Regular shares | 285,045,837 |
| All Other Shares & Deposits | 340,375,651 |
| TOTAL SHARES & DEPOSITS | 994,151,241 |
| TOTAL LIABILITIES | 999,110,259 |
| Regular Reserve | 0 |
| Other Reserves | 8,391,651 |
| Undivided Earnings | 123,154,254 |
| TOTAL EQUITY | 131,545,905 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,130,656,164 |
| INCOME & EXPENSE | |
| Loan Income | 7,850,357 |
| Investment Income | 1,008,809 |
| Other Income | 1,447,707 |
| Total Employee Compensation & Benefits | 5,822,512 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,316,047 |
| Non-operating Income & (Expense) | 145,298 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 836,274 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,192,118 |
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