Dec, 31, 2020 — FIRST FLIGHT FEDERAL CREDIT UNION is a federal credit union headquartered in CARY, NC with 8 branch locations and about $209.79 million in total assets. Opened 69 years ago in 1952, FIRST FLIGHT FEDERAL CREDIT UNION has about 18,704 members and employs 77 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, SUITE A CARY, NC 27518 |
Phone: | (919) 851-5690 |
Fax: | (919) 851-8667 |
Website: | http://www.efirstflight.com |
Branches: | 8 branch locations |
Members: | 18,704 |
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, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $209,790,935 |
CEO/Manager: | Allen Fallon |
Chairperson: | Greg Williams |
ASSETS: | $ Amount |
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Cash & Equivalents | 51,359,408 |
TOTAL INVESTMENTS | 50,506,675 |
Loans Held for Sale | 1,118,600 |
Real Estate Loans | 31,101,246 |
Unsecured Loans | 8,441,585 |
Other Loans | 56,663,244 |
TOTAL LOANS | 96,618,338 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -565,658 |
Land And Building | 7,117,110 |
Other Fixed Assets | 570,553 |
NCUSIF Deposit | 1,642,360 |
All Other Assets | 1,423,549 |
TOTAL ASSETS | 209,790,935 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,921 |
Notes & Interest Payable | 7,000,000 |
Accounts Payable & Other Liabilities | 1,896,153 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 46,886,961 |
Regular shares | 64,776,572 |
All Other Shares & Deposits | 61,907,845 |
TOTAL SHARES & DEPOSITS | 173,571,378 |
TOTAL LIABILITIES | 182,469,452 |
Regular Reserve | 3,061,111 |
Other Reserves | 120,358 |
Undivided Earnings | 24,140,014 |
TOTAL EQUITY | 27,321,483 |
TOTAL LIABILITIES, SHARES, & EQUITY | 209,790,935 |
INCOME & EXPENSE | |
Loan Income | 5,173,905 |
Investment Income | 1,404,840 |
Other Income | 4,280,941 |
Total Employee Compensation & Benefits | 5,322,072 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,884,589 |
Non-operating Income & (Expense) | 24,657 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 199,039 |
Cost of Funds | 746,382 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 732,261 |
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