Dec, 31, 2023 — FIRST COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in BELOIT, WI with 7 branch locations and about $317.25 million in total assets. Opened 91 years ago in 1933, FIRST COMMUNITY CREDIT UNION has about 29,500 members and employs 87 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 COMMUNITY CREDIT UNION |
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Address: (Main Office) | 1702 Park Ave BELOIT, WI 53511 |
Phone: | (608) 362-9077 |
Fax: | (608) 362-0434 |
Website: | https://www.firstccu.com |
Branches: | 7 branch locations |
Members: | 29,500 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67214 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1933 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $317,251,089 |
CEO/Manager: | Jack K Gill |
Chairperson: | Wayne Udulutch |
ASSETS: | $ Amount |
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Cash & Equivalents | 27,088,779 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 438,805 |
Real Estate Loans | 55,600,768 |
Unsecured Loans | 3,178,714 |
Other Loans | 221,809,187 |
TOTAL LOANS | 280,912,637 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,334,932 |
Land And Building | 3,101,549 |
Other Fixed Assets | 498,583 |
NCUSIF Deposit | 2,080,674 |
All Other Assets | 194,092 |
TOTAL ASSETS | 317,251,089 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 18,547,882 |
Accounts Payable & Other Liabilities | 1,873,108 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 61,669,717 |
Regular shares | 43,797,537 |
All Other Shares & Deposits | 156,558,964 |
TOTAL SHARES & DEPOSITS | 262,026,218 |
TOTAL LIABILITIES | 282,447,208 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 34,803,881 |
TOTAL EQUITY | 34,803,881 |
TOTAL LIABILITIES, SHARES, & EQUITY | 317,251,089 |
INCOME & EXPENSE | |
Loan Income | 12,662,029 |
Investment Income | 600,079 |
Other Income | 2,221,135 |
Total Employee Compensation & Benefits | 5,111,001 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,844,700 |
Non-operating Income & (Expense) | -134,331 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 174,300 |
Cost of Funds | 4,258,423 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,461,851 |
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