Sep, 30, 2025 — FAMILY FIRST CREDIT UNION is a federally insured state chartered credit union headquartered in SAGINAW, MI with 3 branch locations and about $101.54 million in total assets. Opened 87 years ago in 1939, FAMILY FIRST CREDIT UNION has about 5,408 members and employs 30 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FAMILY FIRST CREDIT UNION |
|---|---|
| Address: (Main Office) | 1011 N Michigan Ave SAGINAW, MI 48602-4326 |
| Phone: | (989) 759-1686 |
| Fax: | (989) 752-4992 |
| Website: | https://www.fam1st.com |
| Branches: | 3 branch locations |
| Members: | 5,408 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61909 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $101,543,542 |
| CEO/Manager: | Janie C Smith |
| Chairperson: | Maurice Patterson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,472,775 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 21,675,669 |
| Unsecured Loans | 5,944,176 |
| Other Loans | 18,300,590 |
| TOTAL LOANS | 45,990,749 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -902,748 |
| Land And Building | 2,618,688 |
| Other Fixed Assets | 287,046 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 642,353 |
| All Other Assets | 16,516 |
| TOTAL ASSETS | 101,543,542 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -267,416 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,006,704 |
| Regular shares | 47,383,525 |
| All Other Shares & Deposits | 30,083,409 |
| TOTAL SHARES & DEPOSITS | 92,473,640 |
| TOTAL LIABILITIES | 92,206,227 |
| Regular Reserve | 0 |
| Other Reserves | -76,650 |
| Undivided Earnings | 9,413,965 |
| TOTAL EQUITY | 9,337,315 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 101,543,542 |
| INCOME & EXPENSE | |
| Loan Income | 2,393,767 |
| Investment Income | 1,467,766 |
| Other Income | 637,287 |
| Total Employee Compensation & Benefits | 1,212,545 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,824,259 |
| Non-operating Income & (Expense) | -5,789 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 602,472 |
| Cost of Funds | 677,308 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 435,048 |
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