Dec, 31, 2023 — FIRST AMERICAN CREDIT UNION is a federally insured state chartered credit union headquartered in CASA GRANDE, AZ with 3 branch locations and about $117.54 million in total assets. Opened 62 years ago in 1962, FIRST AMERICAN CREDIT UNION has about 13,531 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FIRST AMERICAN CREDIT UNION |
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Address: (Main Office) | 1001 N Pinal Ave CASA GRANDE, AZ 85122 |
Phone: | (520) 836-8838 |
Fax: | (520) 421-1706 |
Website: | https://www.firstamerican.org |
Branches: | 3 branch locations |
Members: | 13,531 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64412 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1962 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $117,540,744 |
CEO/Manager: | Phil Peters |
Chairperson: | John R McEvoy |
ASSETS: | $ Amount |
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Cash & Equivalents | 21,575,688 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 9,527,284 |
Unsecured Loans | 3,613,116 |
Other Loans | 60,616,301 |
TOTAL LOANS | 73,756,701 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -672,086 |
Land And Building | 695,206 |
Other Fixed Assets | 224,101 |
NCUSIF Deposit | 653,810 |
All Other Assets | 0 |
TOTAL ASSETS | 117,540,744 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,134,507 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 1,383,000 |
Share Drafts | 23,719,172 |
Regular shares | 36,277,427 |
All Other Shares & Deposits | 44,746,075 |
TOTAL SHARES & DEPOSITS | 104,742,674 |
TOTAL LIABILITIES | 108,260,181 |
Regular Reserve | 0 |
Other Reserves | -532,225 |
Undivided Earnings | 9,812,788 |
TOTAL EQUITY | 9,280,563 |
TOTAL LIABILITIES, SHARES, & EQUITY | 117,540,744 |
INCOME & EXPENSE | |
Loan Income | 3,517,310 |
Investment Income | 1,206,057 |
Other Income | 1,499,497 |
Total Employee Compensation & Benefits | 2,194,611 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,514,346 |
Non-operating Income & (Expense) | 1,357 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 329,232 |
Cost of Funds | 381,835 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,899,788 |
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