Dec, 31, 2023 — FIRST FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 5 branch locations and about $220.85 million in total assets. Opened 88 years ago in 1936, FIRST FINANCIAL CREDIT UNION has about 11,746 members and employs 32 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 FINANCIAL CREDIT UNION |
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Address: (Main Office) | 8430 W Bryn Mawr Ave CHICAGO, IL 60631 |
Phone: | (847) 676-8000 |
Fax: | |
Website: | https://www.firstfcu.org/encurage |
Branches: | 5 branch locations |
Members: | 11,746 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68450 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $220,853,745 |
CEO/Manager: | MICHAEL T ABRAHAM |
Chairperson: | WILLIAM G HARLAN |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,192,707 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 142,785,624 |
Unsecured Loans | 23,361,171 |
Other Loans | 27,310,622 |
TOTAL LOANS | 193,457,418 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,629,663 |
Land And Building | 3,373,174 |
Other Fixed Assets | 615,169 |
NCUSIF Deposit | 1,571,745 |
All Other Assets | 0 |
TOTAL ASSETS | 220,853,745 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 38,276 |
Notes & Interest Payable | 40,300,000 |
Accounts Payable & Other Liabilities | 3,872,516 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 5,000,000 |
Share Drafts | 17,239,278 |
Regular shares | 37,066,931 |
All Other Shares & Deposits | 107,344,934 |
TOTAL SHARES & DEPOSITS | 161,651,143 |
TOTAL LIABILITIES | 210,861,935 |
Regular Reserve | 0 |
Other Reserves | -253,791 |
Undivided Earnings | 10,245,601 |
TOTAL EQUITY | 9,991,810 |
TOTAL LIABILITIES, SHARES, & EQUITY | 220,853,745 |
INCOME & EXPENSE | |
Loan Income | 10,740,236 |
Investment Income | 663,962 |
Other Income | 546,508 |
Total Employee Compensation & Benefits | 2,879,326 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,241,466 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,449,367 |
Cost of Funds | 5,778,540 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -400,266 |
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