Mar, 31, 2022 — FIRST FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in ALBUQUERQUE, NM with 16 branch locations and about $854.25 million in total assets. Opened 85 years ago in 1937, FIRST FINANCIAL CREDIT UNION has about 86,831 members and employs 260 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 FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4910 Union Way NE ALBUQUERQUE, NM 87107 |
| Phone: | (505) 766-5600 |
| Fax: | (505) 768-7144 |
| Website: | http://www.ffnm.org |
| Branches: | 16 branch locations |
| Members: | 86,831 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68244 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $854,247,002 |
| CEO/Manager: | Ronald Moorehead |
| Chairperson: | Cassie Kelley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 89,190,415 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 153,221,841 |
| Unsecured Loans | 32,917,195 |
| Other Loans | 420,019,134 |
| TOTAL LOANS | 606,290,031 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,772,570 |
| Land And Building | 21,577,690 |
| Other Fixed Assets | 2,567,949 |
| NCUSIF Deposit | 7,007,656 |
| All Other Assets | 0 |
| TOTAL ASSETS | 854,247,002 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,728,716 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 8,000,000 |
| Share Drafts | 186,153,279 |
| Regular shares | 405,991,246 |
| All Other Shares & Deposits | 184,271,974 |
| TOTAL SHARES & DEPOSITS | 776,416,499 |
| TOTAL LIABILITIES | 797,145,215 |
| Regular Reserve | 0 |
| Other Reserves | -3,221,323 |
| Undivided Earnings | 60,323,110 |
| TOTAL EQUITY | 57,101,787 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 854,247,002 |
| INCOME & EXPENSE | |
| Loan Income | 6,262,426 |
| Investment Income | 260,171 |
| Other Income | 2,199,803 |
| Total Employee Compensation & Benefits | 4,527,712 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,407,810 |
| Non-operating Income & (Expense) | -10,395 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 375,000 |
| Cost of Funds | 582,885 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,416,072 |
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