Dec, 31, 2023 — FIRSTENERGY FAMILY CREDIT UNION is a federally insured state chartered credit union headquartered in AKRON, OH with 1 branch location and about $41.76 million in total assets. Opened 88 years ago in 1936, FIRSTENERGY FAMILY CREDIT UNION has about 4,390 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FIRSTENERGY FAMILY CREDIT UNION |
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Address: (Main Office) | 575 White Pond Dr Ste E AKRON, OH 44320-1184 |
Phone: | (330) 535-3611 |
Fax: | (330) 535-3611 |
Website: | https://www.fefcu.com |
Branches: | 1 branch locations |
Members: | 4,390 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61620 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $41,759,122 |
CEO/Manager: | Timothy T Baker |
Chairperson: | William B Shonk |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,178,078 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 8,414,254 |
Unsecured Loans | 441,679 |
Other Loans | 19,304,673 |
TOTAL LOANS | 28,160,606 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -115,821 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 380,683 |
All Other Assets | 0 |
TOTAL ASSETS | 41,759,122 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 68,437 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 30,467,949 |
All Other Shares & Deposits | 4,924,610 |
TOTAL SHARES & DEPOSITS | 35,392,559 |
TOTAL LIABILITIES | 35,460,996 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 6,298,126 |
TOTAL EQUITY | 6,298,126 |
TOTAL LIABILITIES, SHARES, & EQUITY | 41,759,122 |
INCOME & EXPENSE | |
Loan Income | 1,135,279 |
Investment Income | 398,596 |
Other Income | 0 |
Total Employee Compensation & Benefits | 604,677 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 377,171 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 327,286 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 224,741 |
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» See also Statement of Financial Condition