Credit Unions Near Me
National Credit Union Service Organization

FIRST FLIGHT FEDERAL CREDIT UNION

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
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
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

Call Report

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

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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
↑ 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
CIVIC FEDERAL CREDIT UNION
3600 Wake Forest Rd
RALEIGH, NC 27609
ELECTEL COOPERATIVE FEDERAL CREDIT UNION
3400 Sumner Blvd
RALEIGH, NC 27616
VISION FINANCIAL FEDERAL CREDIT UNION
214 Pacific Ave
DURHAM, NC 27704
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