Dec, 31, 2023 — FIRST COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 19 branch locations and about $2.51 billion in total assets. Opened 70 years ago in 1954, FIRST COMMUNITY CREDIT UNION has about 158,593 members and employs 413 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) | 15260 FM 529 Rd HOUSTON, TX 77095-3252 |
| Phone: | (281) 856-5300 |
| Fax: | (281) 856-6421 |
| Website: | https://fccu.org |
| Branches: | 19 branch locations |
| Members: | 158,593 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66818 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,507,985,721 |
| CEO/Manager: | TJ Tijerina |
| Chairperson: | Doug Wilcher |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 60,582,316 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 827,689,324 |
| Unsecured Loans | 150,655,997 |
| Other Loans | 975,193,249 |
| TOTAL LOANS | 1,953,904,153 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,693,263 |
| Land And Building | 54,275,802 |
| Other Fixed Assets | 23,932,011 |
| NCUSIF Deposit | 17,257,585 |
| All Other Assets | 35,138 |
| TOTAL ASSETS | 2,507,985,721 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,789 |
| Notes & Interest Payable | 370,750,000 |
| Accounts Payable & Other Liabilities | 45,151,965 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 413,453,813 |
| Regular shares | 383,836,831 |
| All Other Shares & Deposits | 1,129,512,052 |
| TOTAL SHARES & DEPOSITS | 1,926,802,697 |
| TOTAL LIABILITIES | 2,342,707,451 |
| Regular Reserve | 0 |
| Other Reserves | -37,498,013 |
| Undivided Earnings | 202,776,283 |
| TOTAL EQUITY | 165,278,270 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,507,985,721 |
| INCOME & EXPENSE | |
| Loan Income | 88,396,614 |
| Investment Income | 19,806,942 |
| Other Income | 14,071,260 |
| Total Employee Compensation & Benefits | 33,329,029 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 40,218,845 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,059,591 |
| Cost of Funds | 50,498,383 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,819,782 |
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