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FIRSTENERGY FAMILY CREDIT UNION

Sep, 30, 2022 — 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 87 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.


ABA Routing Number: 241273104
Name:FIRSTENERGY FAMILY CREDIT UNION
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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