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FRIENDS & FAMILY CREDIT UNION

Jun, 30, 2021 — FRIENDS & FAMILY CREDIT UNION is a non-federally insured state credit union headquartered in MASSILLON, OH with 3 branch locations and about $108.46 million in total assets. Opened 2021 years ago in 0, FRIENDS & FAMILY CREDIT UNION has about 10,859 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:FRIENDS & FAMILY CREDIT UNION
Address:
(Main Office)
3920 ERIE ST. S
MASSILLON, OH 44646
Phone:(330) 832-1371
Fax:(330) 832-7650
Website:http://www.friendsandfamilycu.com
Branches:3 branch locations
Members:10,859
Credit Union Type:Non-Federally Insured State Credit Union
Charter Number:96750
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:0
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$108,458,866
CEO/Manager:Nicholas G Langenfeld
Chairperson:Jim Triner

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 13,577,090
TOTAL INVESTMENTS 8,923,183
Loans Held for Sale 0
 
 Real Estate Loans 30,245,072
 Unsecured Loans 3,907,127
 Other Loans 43,369,110
 TOTAL LOANS 77,521,309
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -180,000
 Land And Building 2,387,429
 Other Fixed Assets 755,406
 NCUSIF Deposit 0
 All Other Assets 5,474,449
  TOTAL ASSETS 108,458,866
LIABILITIES & CAPITAL:  
 Dividends Payable 35,267
 Notes & Interest Payable 2,000,000
 Accounts Payable & Other Liabilities 203,877
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 15,202,778
 Regular shares 44,504,640
 All Other Shares & Deposits 39,408,111
  TOTAL SHARES & DEPOSITS 99,115,529
  TOTAL LIABILITIES 101,354,673
 Regular Reserve 4,680,880
 Other Reserves 279,387
 Undivided Earnings 2,143,926
  TOTAL EQUITY 7,104,193
  TOTAL LIABILITIES, SHARES, & EQUITY 108,458,866
INCOME & EXPENSE  
 Loan Income 1,446,399
 Investment Income 40,744
 Other Income 382,338
 Total Employee Compensation & Benefits 693,303
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,110,390
 Non-operating Income & (Expense) -9,150
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 6,832
 Cost of Funds 174,104
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 66,808
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