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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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 |
| ↑ Back to Top | |