Sep, 30, 2022 — FIRST FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in ALBUQUERQUE, NM with 16 branch locations and about $877.67 million in total assets. Opened 86 years ago in 1937, FIRST FINANCIAL CREDIT UNION has about 89,411 members and employs 265 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 |
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Address: (Main Office) | 4910 Union Way NE ALBUQUERQUE, NM 87107 |
Phone: | (505) 766-5600 |
Fax: | (505) 768-7144 |
Website: | https://www.ffnm.org |
Branches: | 16 branch locations |
Members: | 89,411 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68244 |
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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: | $877,665,132 |
CEO/Manager: | Ronald Moorehead |
Chairperson: | Cassie Kelley |
ASSETS: | $ Amount |
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Cash & Equivalents | 76,691,504 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 160,264,402 |
Unsecured Loans | 37,168,154 |
Other Loans | 450,716,541 |
TOTAL LOANS | 648,385,229 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,967,543 |
Land And Building | 21,648,273 |
Other Fixed Assets | 2,380,161 |
NCUSIF Deposit | 7,171,800 |
All Other Assets | 35,668 |
TOTAL ASSETS | 877,665,132 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 12,920,979 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 8,000,000 |
Share Drafts | 198,027,310 |
Regular shares | 414,134,627 |
All Other Shares & Deposits | 189,252,748 |
TOTAL SHARES & DEPOSITS | 801,414,685 |
TOTAL LIABILITIES | 822,335,664 |
Regular Reserve | 0 |
Other Reserves | -7,802,101 |
Undivided Earnings | 63,131,569 |
TOTAL EQUITY | 55,329,468 |
TOTAL LIABILITIES, SHARES, & EQUITY | 877,665,132 |
INCOME & EXPENSE | |
Loan Income | 19,863,918 |
Investment Income | 1,185,682 |
Other Income | 6,665,732 |
Total Employee Compensation & Benefits | 13,524,389 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 14,061,582 |
Non-operating Income & (Expense) | -12,892 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,125,000 |
Cost of Funds | 1,806,009 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,224,534 |
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