Dec, 31, 2023 — FINANCIAL CENTER FIRST CREDIT UNION is a federally insured state chartered credit union headquartered in INDIANAPOLIS, IN with 10 branch locations and about $841.89 million in total assets. Opened 71 years ago in 1953, FINANCIAL CENTER FIRST CREDIT UNION has about 68,375 members and employs 193 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FINANCIAL CENTER FIRST CREDIT UNION |
|---|---|
| Address: (Main Office) | 7101 E 56th St INDIANAPOLIS, IN 46226 |
| Phone: | (317) 916-7700 |
| Fax: | |
| Website: | https://www.fcfcu.com |
| Branches: | 10 branch locations |
| Members: | 68,375 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68658 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $841,887,611 |
| CEO/Manager: | Cameron Minges |
| Chairperson: | Larry Marcum |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 53,756,533 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 289,787,107 |
| Unsecured Loans | 23,969,301 |
| Other Loans | 371,763,228 |
| TOTAL LOANS | 685,635,950 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,022,914 |
| Land And Building | 6,375,279 |
| Other Fixed Assets | 4,284,893 |
| NCUSIF Deposit | 6,636,117 |
| All Other Assets | 349,950 |
| TOTAL ASSETS | 841,887,611 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 18,000,000 |
| Accounts Payable & Other Liabilities | 7,070,286 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 195,388,554 |
| Regular shares | 188,291,534 |
| All Other Shares & Deposits | 344,546,023 |
| TOTAL SHARES & DEPOSITS | 728,226,114 |
| TOTAL LIABILITIES | 753,484,569 |
| Regular Reserve | 0 |
| Other Reserves | 4,206,263 |
| Undivided Earnings | 84,196,779 |
| TOTAL EQUITY | 88,403,042 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 841,887,611 |
| INCOME & EXPENSE | |
| Loan Income | 35,971,372 |
| Investment Income | 3,315,276 |
| Other Income | 4,449,791 |
| Total Employee Compensation & Benefits | 16,354,620 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 14,457,377 |
| Non-operating Income & (Expense) | 40,644 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,341,730 |
| Cost of Funds | 9,497,289 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,930,654 |
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