Dec, 31, 2023 — FIRST FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in ALBUQUERQUE, NM with 18 branch locations and about $877.71 million in total assets. Opened 87 years ago in 1937, FIRST FINANCIAL CREDIT UNION has about 90,940 members and employs 257 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: | 18 branch locations |
Members: | 90,940 |
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, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $877,714,950 |
CEO/Manager: | Ronald Moorehead |
Chairperson: | Cassie Kelley |
ASSETS: | $ Amount |
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Cash & Equivalents | 70,996,502 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 155,235,121 |
Unsecured Loans | 44,593,754 |
Other Loans | 463,485,982 |
TOTAL LOANS | 663,588,662 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,156,971 |
Land And Building | 20,839,949 |
Other Fixed Assets | 4,337,457 |
NCUSIF Deposit | 7,732,301 |
All Other Assets | 93,484 |
TOTAL ASSETS | 877,714,950 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 21,763,069 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 8,000,000 |
Share Drafts | 189,971,612 |
Regular shares | 380,320,970 |
All Other Shares & Deposits | 217,779,234 |
TOTAL SHARES & DEPOSITS | 788,071,816 |
TOTAL LIABILITIES | 817,834,885 |
Regular Reserve | 0 |
Other Reserves | -6,579,524 |
Undivided Earnings | 66,459,589 |
TOTAL EQUITY | 59,880,065 |
TOTAL LIABILITIES, SHARES, & EQUITY | 877,714,950 |
INCOME & EXPENSE | |
Loan Income | 35,232,505 |
Investment Income | 4,167,940 |
Other Income | 10,333,237 |
Total Employee Compensation & Benefits | 22,502,522 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 23,910,455 |
Non-operating Income & (Expense) | 666 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,925,000 |
Cost of Funds | 6,210,653 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,328,707 |
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