Overview
What is First Financial Credit Union?
First Financial Credit Union, based in Chicago, Illinois, serves as a financial institution for its members, offering various loan options such as mortgages, home equity, credit cards, vehicles, and others. The credit union encourages savings among its members and provides credit at reasonable interest rates, acting as a reliable financial resource. The organization has a dedicated workforce of 36 individuals, committed to providing superior financial value and exceptional service to its members, maintaining a reputation of stability, trust, and security.
Official website here: www.firstfcu.org
Is First Financial Credit Union legitimate?
First Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. First Financial Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $460,860
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,536,591
For more financial information, click here
Official website here: www.firstfcu.org
What is the mission statement of First Financial Credit Union?
First Financial Credit Union's mission is centered around encouraging thrift among its members and serving as a reliable source for obtaining loans at reasonable interest rates. The institution is committed to providing superior financial value and exceptional service, while upholding its long-standing traditions of stability, trust, and security. Members who maintain good standing with the credit union and meet the necessary criteria can avail themselves of various loan options, such as mortgages, home equity, credit cards, vehicle loans, and others.
Official website here: www.firstfcu.org
Who is the CEO of First Financial Credit Union?
Michael Abraham is the Chairperson of First Financial Credit Union. The CEO's salary of First Financial Credit Union is $197,423 and their total compensation is $250,170.
Official website here: www.firstfcu.org
What is the revenue of First Financial Credit Union?
First Financial Credit Union's revenue in 2022 was $7,839,792.
Official website here: www.firstfcu.org
Who are the executives of First Financial Credit Union and what are their salaries?
The average compensation at First Financial Credit Union during 2022 was $55,485. There are 36 employees and 9 volunteers at First Financial Credit Union.
Here are 15 key members and their salaries (First Financial Credit Union's CEO's salary is $197,423 and their total compensation is $250,170):
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- Compensation: $197,423
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- Other: $52,747
- Compensation: $182,068
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- Other: $28,622
- Compensation: $133,271
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- Other: $30,173
- Compensation: $127,376
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- Other: $32,783
- Compensation: $102,271
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- Other: $14,434
- Compensation: $101,618
- Related: $0
- Other: $13,336
Official website here: www.firstfcu.org
Where can I find the form 990 for First Financial Credit Union?
First Financial Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.firstfcu.org
Learn more at the official website: www.firstfcu.org
Mission Statement of First Financial Credit Union
First Financial Credit Union is dedicated to encouraging thrift among its members and serving as a reliable source for credit, offering reasonable interest rates. Their mission is to provide superior financial value to its members, while upholding the traditions of stability, trust, and security. This esteemed organization extends various types of loans, such as mortgages, home equity, credit cards, vehicle, and other loans, to individuals who meet the credit union's membership requirements and loan eligibility criteria.
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Impact
October, 2024
First Financial Credit Union plays a vital role in promoting financial well-being and stability within the Chicago community. By encouraging thrift among its members, it fosters a culture of saving and responsible financial management. The credit union offers a variety of loan products, including mortgages, home equity loans, credit cards, and vehicle loans, all at reasonable interest rates. This accessibility provides members with the necessary resources to achieve their financial goals, whether it's purchasing a home, acquiring a vehicle, or managing everyday expenses.
With a mission focused on delivering superior financial value and exceptional service, First Financial Credit Union builds trust and security among its members. This commitment not only enhances the financial health of individuals but also contributes to the overall economic strength of the community by enabling members to make informed decisions about credit and savings. Through its emphasis on stability and member support, First Financial Credit Union positively influences the lives of its members and the broader public, ultimately fostering a resilient financial future for Chicago residents.
This information is meant to be a general summary of First Financial Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $455,138
- Program Service Revenue: $6,888,894
- Gross Receipts: $17,165,534
Assets and Liabilities:
- Total Assets: $177,453,797
- Total Liabilities: $166,789,182
- Net Assets: $10,664,615
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$5,528,498
SHARE DRAFT/FEE INCOME
Revenue
$1,009,969
COMMISSION/INTERCHANGE
Revenue
$350,427
Organization Details
Founding Year
1936
Phone
(773) 565-2000Principal Officer
Michael Abraham
Main Address
8430 W BRYN MAWR 500, CHICAGO, IL, 60631
Website
www.firstfcu.orgNTEE Category
Code: W60 - Public benefit
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