Dec, 31, 2023 — FAMILY 1ST FEDERAL CREDIT UNION is a federal credit union headquartered in NEW CASTLE, PA with 1 branch location and about $13.85 million in total assets. Opened 73 years ago in 1951, FAMILY 1ST FEDERAL CREDIT UNION has about 1,806 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FAMILY 1ST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 917 Moravia St NEW CASTLE, PA 16101-3916 |
| Phone: | (724) 656-8420 |
| Fax: | (724) 656-8428 |
| Website: | https://www.family1stfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,806 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7383 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Nov 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,851,737 |
| CEO/Manager: | Erin L Ross |
| Chairperson: | David C Booth |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,388,457 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 89,299 |
| Unsecured Loans | 849,487 |
| Other Loans | 10,858,491 |
| TOTAL LOANS | 11,797,278 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -76,269 |
| Land And Building | 0 |
| Other Fixed Assets | 11,003 |
| NCUSIF Deposit | 122,496 |
| All Other Assets | 0 |
| TOTAL ASSETS | 13,851,737 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 44,475 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,195,957 |
| Regular shares | 2,660,122 |
| All Other Shares & Deposits | 8,000,544 |
| TOTAL SHARES & DEPOSITS | 11,856,624 |
| TOTAL LIABILITIES | 11,901,099 |
| Regular Reserve | 0 |
| Other Reserves | 575,901 |
| Undivided Earnings | 1,374,737 |
| TOTAL EQUITY | 1,950,638 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,851,737 |
| INCOME & EXPENSE | |
| Loan Income | 498,692 |
| Investment Income | 62,054 |
| Other Income | 144,155 |
| Total Employee Compensation & Benefits | 287,011 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 240,990 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 47,600 |
| Cost of Funds | 63,149 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 141,906 |
| ↑ Back to Top | |