Dec, 31, 2023 — FEDFINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in SILVER SPRING, MD with 1 branch location and about $82.03 million in total assets. Opened 89 years ago in 1935, FEDFINANCIAL FEDERAL CREDIT UNION has about 4,020 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FEDFINANCIAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 10903 New Hampshire Ave Bldg 2 SILVER SPRING, MD 20903-1058 |
Phone: | (301) 881-5626 |
Fax: | (301) 770-5490 |
Website: | https://www.fedfinancial.org |
Branches: | 1 branch locations |
Members: | 4,020 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 216 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $82,029,375 |
CEO/Manager: | Jonathan A Rhodes |
Chairperson: | Christopher M Cole |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,650,145 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 12,158,258 |
Unsecured Loans | 4,408,261 |
Other Loans | 5,293,083 |
TOTAL LOANS | 21,859,602 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,696 |
Land And Building | 0 |
Other Fixed Assets | 131,826 |
NCUSIF Deposit | 704,716 |
All Other Assets | 0 |
TOTAL ASSETS | 82,029,375 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 580,673 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 26,822,926 |
Regular shares | 31,576,193 |
All Other Shares & Deposits | 16,661,872 |
TOTAL SHARES & DEPOSITS | 75,060,991 |
TOTAL LIABILITIES | 75,641,664 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 6,387,711 |
TOTAL EQUITY | 6,387,711 |
TOTAL LIABILITIES, SHARES, & EQUITY | 82,029,375 |
INCOME & EXPENSE | |
Loan Income | 1,126,060 |
Investment Income | 1,447,762 |
Other Income | 221,554 |
Total Employee Compensation & Benefits | 1,513,539 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,149,841 |
Non-operating Income & (Expense) | 278,025 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -51,056 |
Cost of Funds | 518,077 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 14,846 |
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