Dec, 31, 2023 — FIRST FLIGHT FEDERAL CREDIT UNION is a federal credit union headquartered in CARY, NC with 7 branch locations and about $228.49 million in total assets. Opened 72 years ago in 1952, FIRST FLIGHT FEDERAL CREDIT UNION has about 18,776 members and employs 68 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 FLIGHT FEDERAL CREDIT UNION |
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Address: (Main Office) | 1815 Kildaire Farm Rd CARY, NC 27518 |
Phone: | (919) 851-5690 |
Fax: | (919) 851-8667 |
Website: | https://www.efirstflight.com |
Branches: | 7 branch locations |
Members: | 18,776 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7870 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $228,485,971 |
CEO/Manager: | Tabitha Allen |
Chairperson: | Greg Williams |
ASSETS: | $ Amount |
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Cash & Equivalents | 24,684,115 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 35,055,000 |
Unsecured Loans | 13,910,083 |
Other Loans | 85,475,838 |
TOTAL LOANS | 134,562,247 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,477,208 |
Land And Building | 5,656,262 |
Other Fixed Assets | 561,629 |
NCUSIF Deposit | 1,840,737 |
All Other Assets | 190,447 |
TOTAL ASSETS | 228,485,971 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,050,973 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 45,871,667 |
Regular shares | 73,906,927 |
All Other Shares & Deposits | 77,068,744 |
TOTAL SHARES & DEPOSITS | 196,847,338 |
TOTAL LIABILITIES | 200,898,311 |
Regular Reserve | 0 |
Other Reserves | -852,806 |
Undivided Earnings | 28,440,466 |
TOTAL EQUITY | 27,587,660 |
TOTAL LIABILITIES, SHARES, & EQUITY | 228,485,971 |
INCOME & EXPENSE | |
Loan Income | 8,065,571 |
Investment Income | 2,742,653 |
Other Income | 1,860,428 |
Total Employee Compensation & Benefits | 6,141,967 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,952,392 |
Non-operating Income & (Expense) | -23,070 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,316,655 |
Cost of Funds | 1,305,436 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 491,414 |
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» See also Statement of Financial Condition