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FIRST FLIGHT FEDERAL CREDIT UNION

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
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
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

Call Report

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

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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