Credit Unions Near Me
National Credit Union Service Organization

FIRST FLIGHT FEDERAL CREDIT UNION

Sep, 30, 2022 — FIRST FLIGHT FEDERAL CREDIT UNION is a federal credit union headquartered in CARY, NC with 7 branch locations and about $227.74 million in total assets. Opened 71 years ago in 1952, FIRST FLIGHT FEDERAL CREDIT UNION has about 18,003 members and employs 70 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
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:18,003
Credit Union Type:Federal Credit Union
Charter Number:7870
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1952
Last Audited:Jun 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$227,744,164
CEO/Manager:Allen Fallon
Chairperson:Greg Williams

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 51,078,162
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 33,190,192
 Unsecured Loans 8,066,443
 Other Loans 66,663,716
 TOTAL LOANS 108,113,462
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -394,411
 Land And Building 5,847,308
 Other Fixed Assets 422,999
 NCUSIF Deposit 1,872,249
 All Other Assets 57,840
  TOTAL ASSETS 227,744,164
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,129,270
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 53,655,358
 Regular shares 78,185,655
 All Other Shares & Deposits 67,224,131
  TOTAL SHARES & DEPOSITS 199,065,144
  TOTAL LIABILITIES 201,194,414
 Regular Reserve 0
 Other Reserves 1,500,830
 Undivided Earnings 25,048,920
  TOTAL EQUITY 26,549,750
  TOTAL LIABILITIES, SHARES, & EQUITY 227,744,164
INCOME & EXPENSE  
 Loan Income 3,821,873
 Investment Income 1,340,685
 Other Income 1,504,170
 Total Employee Compensation & Benefits 3,825,924
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,386,892
 Non-operating Income & (Expense) -17,480
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 105,707
 Cost of Funds 256,666
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 513,400
↑ Back to Top

Other Credit Unions

SHAW UNIVERSITY FEDERAL CREDIT UNION
118 E South St
RALEIGH, NC 27601
MOUNT VERNON BAPTIST CHURCH CREDIT UNION
1007 S Roxboro St
DURHAM, NC 27707
NORTH CAROLINA PRESS ASSOCIATION FEDERAL CREDIT UNION
119 N Salisbury St
RALEIGH, NC 27603-1739
WELCOME FEDERAL CREDIT UNION
10810 Chapel Hill Rd
MORRISVILLE, NC 27560
ELECTEL COOPERATIVE FEDERAL CREDIT UNION
3400 Sumner Blvd
RALEIGH, NC 27616
VISION FINANCIAL FEDERAL CREDIT UNION
214 Pacific Ave
DURHAM, NC 27704
CIVIC FEDERAL CREDIT UNION
3600 Wake Forest Rd
RALEIGH, NC 27609
R T P FEDERAL CREDIT UNION
384 Davis Dr
MORRISVILLE, NC 27560-6336
STATE EMPLOYEES' CREDIT UNION, NC
119 N Salisbury St
RALEIGH, NC 27603
LOCAL GOVERNMENT FEDERAL CREDIT UNION
3600 Wake Forest Rd
RALEIGH, NC 27609-7309