Dec, 31, 2023 — FIRELANDS FEDERAL CREDIT UNION is a federal credit union headquartered in BELLEVUE, OH with 6 branch locations and about $450.51 million in total assets. Opened 67 years ago in 1957, FIRELANDS FEDERAL CREDIT UNION has about 35,499 members and employs 118 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRELANDS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 300 North Street BELLEVUE, OH 44811 |
| Phone: | (800) 276-5775 |
| Fax: | (419) 483-0264 |
| Website: | https://www.firelandsfcu.org |
| Branches: | 6 branch locations |
| Members: | 35,499 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11674 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $450,508,992 |
| CEO/Manager: | Brett Montague |
| Chairperson: | Kenneth Rospert |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 34,858,663 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 231,200 |
| Real Estate Loans | 79,365,818 |
| Unsecured Loans | 22,652,561 |
| Other Loans | 205,522,443 |
| TOTAL LOANS | 307,540,822 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,065,070 |
| Land And Building | 11,756,221 |
| Other Fixed Assets | 960,539 |
| NCUSIF Deposit | 3,755,597 |
| All Other Assets | 0 |
| TOTAL ASSETS | 450,508,992 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 403 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,045,566 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 79,138,078 |
| Regular shares | 133,850,225 |
| All Other Shares & Deposits | 191,272,623 |
| TOTAL SHARES & DEPOSITS | 404,260,926 |
| TOTAL LIABILITIES | 412,306,895 |
| Regular Reserve | 0 |
| Other Reserves | -3,278,903 |
| Undivided Earnings | 41,481,000 |
| TOTAL EQUITY | 38,202,097 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 450,508,992 |
| INCOME & EXPENSE | |
| Loan Income | 18,682,761 |
| Investment Income | 2,591,046 |
| Other Income | 3,611,608 |
| Total Employee Compensation & Benefits | 10,980,713 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,139,966 |
| Non-operating Income & (Expense) | 124,655 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,878,056 |
| Cost of Funds | 4,714,592 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,076,975 |
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