Dec, 31, 2021 — FIRST FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in SKOKIE, IL with 5 branch locations and about $124.67 million in total assets. Opened 86 years ago in 1936, FIRST FINANCIAL CREDIT UNION has about 13,327 members and employs 30 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) | 5550 TOUHY AVE STE 102 SKOKIE, IL 60077 |
| Phone: | (847) 676-8000 |
| Fax: | (847) 676-0027 |
| Website: | http://www.firstfcu.org |
| Branches: | 5 branch locations |
| Members: | 13,327 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68450 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $124,673,916 |
| CEO/Manager: | MICHAEL T ABRAHAM |
| Chairperson: | WILLIAM G HARLAN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,385,693 |
| TOTAL INVESTMENTS | 16,017,558 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 49,336,523 |
| Unsecured Loans | 18,642,626 |
| Other Loans | 20,871,976 |
| TOTAL LOANS | 88,851,125 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,020,956 |
| Land And Building | 3,036,134 |
| Other Fixed Assets | 152,501 |
| NCUSIF Deposit | 955,629 |
| All Other Assets | 9,296,232 |
| TOTAL ASSETS | 124,673,916 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,928 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,908,143 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 2,000,000 |
| Share Drafts | 16,970,132 |
| Regular shares | 53,042,643 |
| All Other Shares & Deposits | 35,879,430 |
| TOTAL SHARES & DEPOSITS | 105,892,205 |
| TOTAL LIABILITIES | 113,804,276 |
| Regular Reserve | 926,522 |
| Other Reserves | 569,469 |
| Undivided Earnings | 9,373,649 |
| TOTAL EQUITY | 10,869,640 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 124,673,916 |
| INCOME & EXPENSE | |
| Loan Income | 4,314,357 |
| Investment Income | 354,320 |
| Other Income | 177,304 |
| Total Employee Compensation & Benefits | 2,045,814 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,805,336 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 499,007 |
| Cost of Funds | 524,258 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,160,798 |
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