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FIRSTENERGY FAMILY CREDIT UNION

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.


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:4,390
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$41,759,122
CEO/Manager:Timothy T Baker
Chairperson:William B Shonk

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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