Dec, 31, 2023 — FIRST COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in COQUILLE, OR with 28 branch locations and about $1.68 billion in total assets. Opened 67 years ago in 1957, FIRST COMMUNITY CREDIT UNION has about 88,519 members and employs 349 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 COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 200 N Adams St COQUILLE, OR 97423-1804 |
| Phone: | (541) 396-2145 |
| Fax: | (541) 396-3041 |
| Website: | https://www.myfirstccu.org |
| Branches: | 28 branch locations |
| Members: | 88,519 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68530 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,676,601,574 |
| CEO/Manager: | David S Elmer |
| Chairperson: | Robin McAlpin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 72,712,639 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 542,400 |
| Real Estate Loans | 595,007,953 |
| Unsecured Loans | 16,217,964 |
| Other Loans | 352,796,587 |
| TOTAL LOANS | 964,022,504 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -747,806 |
| Land And Building | 70,937,591 |
| Other Fixed Assets | 4,057,260 |
| NCUSIF Deposit | 14,725,399 |
| All Other Assets | 37,247 |
| TOTAL ASSETS | 1,676,601,574 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,346,702 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 441,660,797 |
| Regular shares | 624,156,343 |
| All Other Shares & Deposits | 420,455,397 |
| TOTAL SHARES & DEPOSITS | 1,486,272,537 |
| TOTAL LIABILITIES | 1,492,619,239 |
| Regular Reserve | 0 |
| Other Reserves | 20,268,754 |
| Undivided Earnings | 163,713,581 |
| TOTAL EQUITY | 183,982,335 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,676,601,574 |
| INCOME & EXPENSE | |
| Loan Income | 37,447,320 |
| Investment Income | 12,474,578 |
| Other Income | 2,925,623 |
| Total Employee Compensation & Benefits | 27,475,648 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 14,948,415 |
| Non-operating Income & (Expense) | 43,204 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -10,100 |
| Cost of Funds | 5,022,538 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 15,371,574 |
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