Jun, 30, 2024 — FREEDOM FIRST CREDIT UNION is a federally insured state chartered credit union headquartered in DAYTON, OH with 3 branch locations and about $58.22 million in total assets. Opened 63 years ago in 1961, FREEDOM FIRST CREDIT UNION has about 7,737 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FREEDOM FIRST CREDIT UNION |
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Address: (Main Office) | 1645 Webster St DAYTON, OH 45404-1135 |
Phone: | (937) 223-2828 |
Fax: | (937) 223-4549 |
Website: | https://freedom1stcu.com |
Branches: | 3 branch locations |
Members: | 7,737 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61001 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $58,221,344 |
CEO/Manager: | Deborah A DeVous |
Chairperson: | Chad Rother |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,077,516 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,373,970 |
Unsecured Loans | 1,208,793 |
Other Loans | 24,357,296 |
TOTAL LOANS | 28,940,059 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -59,707 |
Land And Building | 1,803,107 |
Other Fixed Assets | 287,723 |
NCUSIF Deposit | 485,747 |
All Other Assets | 0 |
TOTAL ASSETS | 58,221,344 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,179,524 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,284,965 |
Regular shares | 27,315,222 |
All Other Shares & Deposits | 14,884,742 |
TOTAL SHARES & DEPOSITS | 52,484,929 |
TOTAL LIABILITIES | 53,664,453 |
Regular Reserve | 0 |
Other Reserves | 1,430,139 |
Undivided Earnings | 3,126,752 |
TOTAL EQUITY | 4,556,891 |
TOTAL LIABILITIES, SHARES, & EQUITY | 58,221,344 |
INCOME & EXPENSE | |
Loan Income | 852,836 |
Investment Income | 209,120 |
Other Income | 549,351 |
Total Employee Compensation & Benefits | 616,489 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 777,690 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,556 |
Cost of Funds | 45,068 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 186,423 |
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