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Family First Credit Union

Family First Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 580250755 ✦ Atlanta, GA ✦ Designated as a 501(c)(14)

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Overview

What is Family First Credit Union?

Family First Credit Union is a nonprofit financial institution based in Atlanta, Georgia, specifically at 3604 Atlanta Ave, with a postal code of 30354. The credit union serves over 12,000 members, offering them various deposit accounts. The organization's primary activities involve providing thrift savings and deposit services. A portion of its expenses includes interest payments on members' deposits, IRAs, and certificates of deposit, as well as losses due to unauthorized transactions on debit and ATM cards. The credit union's mission is to lend and offer financial services to its member-owners, promoting financial well-being within the cooperative. As of the provided information, Family First Credit Union employs 48 individuals.


Official website here: www.ffcuga.org

Is Family First Credit Union legitimate?

Family First Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Family First 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: $489,168
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,820,268

For more financial information, click here


Official website here: www.ffcuga.org

What is the mission statement of Family First Credit Union?

Family First Credit Union is committed to serving its member-owners by offering financial services, savings, and lending opportunities within a cooperative setting. Their mission, in essence, is to provide these essential financial services, fostering savings through thrift accounts, and offering loan facilities to over 12,000 members with a collective 21,216 deposit accounts. The Credit Union's activities primarily focus on offering deposit accounts, managing expenses related to member deposits, IRAs, and certificates of deposit, as well as addressing unauthorized transactions. The Credit Union's purpose is to empower its members with financial services, thereby promoting financial well-being among its membership.


Official website here: www.ffcuga.org

Who is the CEO of Family First Credit Union?

Unavailable The CEO's salary of Family First Credit Union is $208,812 and their total compensation is $208,812.


Official website here: www.ffcuga.org

What is the revenue of Family First Credit Union?

Family First Credit Union's revenue in 2022 was $6,081,571.


Official website here: www.ffcuga.org

Who are the executives of Family First Credit Union and what are their salaries?

The average compensation at Family First Credit Union during 2022 was $48,113. There are 48 employees and 10 volunteers at Family First Credit Union.


Here are 13 key members and their salaries (Family First Credit Union's CEO's salary is $208,812 and their total compensation is $208,812):


Stephen Smith (Ceo/President)
  • Compensation: $208,812
  • Related: $0
  • Other: $0
James Helms (Evp/Cfo)
  • Compensation: $170,333
  • Related: $0
  • Other: $0
Kimberly Echols (Chief Operations Officer)
  • Compensation: $110,023
  • Related: $0
  • Other: $0
Carlyon Brown (Director/Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rosa Durah (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Gillette (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Helton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda Bridges-Ward (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Mcburnett (Director/Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marvin Reddish (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Louis Kennedy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Anderson (Director/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ffcuga.org

Where can I find the form 990 for Family First Credit Union?

Family First Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ffcuga.org

Learn more at the official website: www.ffcuga.org

Mission Statement of Family First Credit Union

Family First Credit Union, as a cooperative, is committed to providing financial services, savings, and lending opportunities to its member-owners. The primary mission of this financial institution is to offer deposit accounts and facilitate thrift savings for its 12,192 members, serving them through 21,216 deposit accounts. The Credit Union's purpose is to ensure the financial well-being of its member-owners by providing them with various financial services, including deposit accounts, IRAs, and certificates of deposit. It is important to note that the Credit Union also manages the expenses associated with these services, such as interest paid on deposits and losses due to unauthorized transactions on debit and ATM cards. The overall objective of Family First Credit Union is to provide its members with a secure and convenient platform for managing their financial affairs.

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Impact




October, 2024

Family First Credit Union plays a crucial role in enhancing the financial well-being of its 12,192 members by offering a variety of financial services tailored to their needs. With 21,216 deposit accounts, the credit union fosters a sense of community and mutual support among its members, who are also its owners.

The credit union provides essential deposit services, including savings and IRA accounts, allowing members to build their savings in a secure environment. Furthermore, Family First Credit Union mitigates risks for members by addressing issues such as unauthorized transactions on debit and ATM cards, ensuring that members can trust in the safety of their finances.

By prioritizing thrift savings and lending practices, Family First Credit Union not only contributes to the financial stability of its members but also encourages a culture of responsible saving and borrowing. This commitment to member-centered service reinforces the credit union's mission to uplift the community and provide accessible financial solutions to its members in Atlanta, Georgia.




This information is meant to be a general summary of Family First 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.

Revenue
$6,081,571 (2022)
Expenses
$5,294,442 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $460,065
  • Program Service Revenue: $5,621,506
  • Gross Receipts: $6,081,571

Assets and Liabilities:

  • Total Assets: $137,596,957
  • Total Liabilities: $122,648,146
  • Net Assets: $14,948,811

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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

$4,320,443

Fees and Other Income

Revenue

$1,301,063

Organization Details

Founding Year

1930

Main Address

3604 ATLANTA AVE, ATLANTA, GA, 30354

NTEE Category

Code: W61 - Public benefit

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