Dec, 31, 2023 — FIRST COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in MUNCIE, IN with 2 branch locations and about $31.23 million in total assets. Opened 63 years ago in 1961, FIRST COUNTY FEDERAL CREDIT UNION has about 3,667 members and employs 10 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 COUNTY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1100 W 11th St MUNCIE, IN 47302-2232 |
Phone: | (765) 284-3471 |
Fax: | (765) 282-3863 |
Website: | https://www.firstcountyfcu.org |
Branches: | 2 branch locations |
Members: | 3,667 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14163 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $31,225,567 |
CEO/Manager: | Julie Eskew |
Chairperson: | Michael Fox |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,019,283 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,152,688 |
Unsecured Loans | 1,186,290 |
Other Loans | 11,297,163 |
TOTAL LOANS | 14,636,141 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -55,887 |
Land And Building | 196,483 |
Other Fixed Assets | 79,056 |
NCUSIF Deposit | 269,995 |
All Other Assets | 0 |
TOTAL ASSETS | 31,225,567 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 12,004 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 50,655 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,680,834 |
Regular shares | 14,793,348 |
All Other Shares & Deposits | 8,621,149 |
TOTAL SHARES & DEPOSITS | 28,095,331 |
TOTAL LIABILITIES | 28,157,990 |
Regular Reserve | 0 |
Other Reserves | 793,648 |
Undivided Earnings | 2,273,929 |
TOTAL EQUITY | 3,067,577 |
TOTAL LIABILITIES, SHARES, & EQUITY | 31,225,567 |
INCOME & EXPENSE | |
Loan Income | 843,025 |
Investment Income | 393,384 |
Other Income | 140,524 |
Total Employee Compensation & Benefits | 516,679 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 590,088 |
Non-operating Income & (Expense) | 7,719 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 70,552 |
Cost of Funds | 212,550 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 213,807 |
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