Dec, 31, 2021 — FIRST FLIGHT FEDERAL CREDIT UNION is a federal credit union headquartered in CARY, NC with 8 branch locations and about $221.80 million in total assets. Opened 70 years ago in 1952, FIRST FLIGHT FEDERAL CREDIT UNION has about 17,880 members and employs 69 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: | http://www.efirstflight.com |
Branches: | 8 branch locations |
Members: | 17,880 |
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, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $221,798,181 |
CEO/Manager: | Allen Fallon |
Chairperson: | Greg Williams |
ASSETS: | $ Amount |
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Cash & Equivalents | 71,408,393 |
TOTAL INVESTMENTS | 46,508,694 |
Loans Held for Sale | 0 |
Real Estate Loans | 33,858,431 |
Unsecured Loans | 7,919,299 |
Other Loans | 49,418,596 |
TOTAL LOANS | 91,420,967 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -383,784 |
Land And Building | 5,976,390 |
Other Fixed Assets | 482,176 |
NCUSIF Deposit | 1,828,597 |
All Other Assets | 4,556,748 |
TOTAL ASSETS | 221,798,181 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,127 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,802,348 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 52,183,777 |
Regular shares | 72,808,917 |
All Other Shares & Deposits | 67,433,212 |
TOTAL SHARES & DEPOSITS | 192,425,906 |
TOTAL LIABILITIES | 194,230,381 |
Regular Reserve | 3,061,111 |
Other Reserves | -28,831 |
Undivided Earnings | 24,535,520 |
TOTAL EQUITY | 27,567,800 |
TOTAL LIABILITIES, SHARES, & EQUITY | 221,798,181 |
INCOME & EXPENSE | |
Loan Income | 4,775,271 |
Investment Income | 1,189,857 |
Other Income | 2,125,446 |
Total Employee Compensation & Benefits | 5,193,036 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,215,491 |
Non-operating Income & (Expense) | -50,749 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -56,771 |
Cost of Funds | 393,934 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 395,509 |
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