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FIRSTENERGY FAMILY CREDIT UNION

Mar, 31, 2022 — FIRSTENERGY FAMILY CREDIT UNION is a federally insured state chartered credit union headquartered in AKRON, OH with 1 branch location and about $47.97 million in total assets. Opened 86 years ago in 1936, FIRSTENERGY FAMILY CREDIT UNION has about 4,466 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:http://www.fefcu.com
Branches:1 branch locations
Members:4,466
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:$47,966,028
CEO/Manager:Timothy T Baker
Chairperson:William B Shonk

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,997,217
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 7,369,605
 Unsecured Loans 342,128
 Other Loans 19,915,678
 TOTAL LOANS 27,627,411
 (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 376,731
 All Other Assets 0
  TOTAL ASSETS 47,966,028
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,116
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 41,930,986
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 41,930,986
  TOTAL LIABILITIES 41,935,102
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 6,030,926
  TOTAL EQUITY 6,030,926
  TOTAL LIABILITIES, SHARES, & EQUITY 47,966,028
INCOME & EXPENSE  
 Loan Income 203,017
 Investment Income 17,564
 Other Income 0
 Total Employee Compensation & Benefits 117,850
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 94,871
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 20,348
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -12,488
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