Mar, 31, 2021 — FIRST FLIGHT FEDERAL CREDIT UNION is a federal credit union headquartered in CARY, NC with 8 branch locations and about $212.31 million in total assets. Opened 69 years ago in 1952, FIRST FLIGHT FEDERAL CREDIT UNION has about 18,497 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, SUITE A CARY, NC 27518 |
| Phone: | (919) 851-5690 |
| Fax: | (919) 851-8667 |
| Website: | http://www.efirstflight.com |
| Branches: | 8 branch locations |
| Members: | 18,497 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $212,309,903 |
| CEO/Manager: | Allen Fallon |
| Chairperson: | Greg Williams |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 59,265,342 |
| TOTAL INVESTMENTS | 47,622,870 |
| Loans Held for Sale | 990,650 |
| Real Estate Loans | 31,936,376 |
| Unsecured Loans | 8,295,205 |
| Other Loans | 53,529,175 |
| TOTAL LOANS | 94,163,373 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -501,630 |
| Land And Building | 7,069,235 |
| Other Fixed Assets | 579,996 |
| NCUSIF Deposit | 1,642,360 |
| All Other Assets | 1,477,707 |
| TOTAL ASSETS | 212,309,903 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,290 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,052,354 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 50,085,169 |
| Regular shares | 67,926,885 |
| All Other Shares & Deposits | 64,733,231 |
| TOTAL SHARES & DEPOSITS | 182,745,285 |
| TOTAL LIABILITIES | 184,799,929 |
| Regular Reserve | 3,061,111 |
| Other Reserves | 19,836 |
| Undivided Earnings | 24,429,027 |
| TOTAL EQUITY | 27,509,974 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 212,309,903 |
| INCOME & EXPENSE | |
| Loan Income | 1,200,456 |
| Investment Income | 299,150 |
| Other Income | 524,017 |
| Total Employee Compensation & Benefits | 1,195,129 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 996,709 |
| Non-operating Income & (Expense) | 20,250 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -13,648 |
| Cost of Funds | 113,565 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 289,014 |
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