Jun, 30, 2024 — FIRSTENERGY FAMILY CREDIT UNION is a federally insured state chartered credit union headquartered in AKRON, OH with 1 branch location and about $46.10 million in total assets. Opened 88 years ago in 1936, FIRSTENERGY FAMILY CREDIT UNION has about 4,461 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: | 4,461 |
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, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $46,098,270 |
CEO/Manager: | Timothy T Baker |
Chairperson: | William B Shonk |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,478,231 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,853,050 |
Unsecured Loans | 449,625 |
Other Loans | 21,207,766 |
TOTAL LOANS | 29,510,441 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -116,764 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 409,524 |
All Other Assets | 0 |
TOTAL ASSETS | 46,098,270 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,117 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 39,632,104 |
All Other Shares & Deposits | 287,448 |
TOTAL SHARES & DEPOSITS | 39,919,552 |
TOTAL LIABILITIES | 39,923,669 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 6,174,601 |
TOTAL EQUITY | 6,174,601 |
TOTAL LIABILITIES, SHARES, & EQUITY | 46,098,270 |
INCOME & EXPENSE | |
Loan Income | 633,817 |
Investment Income | 99,030 |
Other Income | 0 |
Total Employee Compensation & Benefits | 352,172 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 254,852 |
Non-operating Income & (Expense) | 67,277 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 61,913 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 131,187 |
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