2022-11-15T15:07:01-05:00 2021-12-31 261694946 SCHWARTZ COLE AND ASSOCIATES LLC 11776 W SAMPLE RD STE 106 CORAL SPRINGS FL 330653180 990 2021-01-01 850102571 CREDIT UNIONS IN THE STATE OF NEW M FIRST FINANCIAL CREDIT UNION CRED 5054621115 601 TIJERAS NW ALBUQUERQUE NM 87102 KAREN ORTIZ EVP/COO 5054621115 2022-11-15 true KAREN ORTIZ 999009999 DANIEL J COLE P00055998 9547551760 2022-11-15 2021 2022-09-23 18:48:47Z CREDIT UNIONS IN THE STATE OF NEW M KAREN ORTIZ 41917250 false X WWW.FFNM.COM X 1937 NM FIRST FINANCIAL CREDIT UNION IS A COOPERATIVE, NOT-FOR-PROFIT FINANCIAL INSTITUTION ORGANIZED TO PROMOTE THRIFT AND PROVIDE CREDIT TO MEMBERS; AT ADVANTAGEOUS RATES OVER THOSE GENERALLY AVAILABLE FROM OTHER BANKING SOURCES. 12 12 83 12 22027 0 33514960 40642502 2733545 1037785 0 36248505 41680287 0 0 15456413 18895503 0 0 18787132 12889506 34243545 31785009 2004960 9895278 703722821 827742636 653508515 761365629 50214306 66377007 X FIRST FINANCIAL CREDIT UNION IS A COOPERATIVE, NOT-FOR-PROFIT FINANCIAL INSTITUTION ORGANIZED TO PROMOTE THRIFT AND PROVIDE CREDIT TO MEMBERS; AT ADVANTAGEOUS RATES OVER THOSE GENERALLY AVAILABLE FROM OTHER BANKING SOURCES. false false INTEREST IS CHARGED AT MARKET RATES TO MEMBERS TO PROVIDE REVENUE TO PAY FOR THE COST OF THE FUNDS. FEES AND CHARGES ARE ASSESSED TO MEMBERS FOR FINANCIAL SERVICES. THESE FEES GENERATE THE REVENUE NECESSARY TO PAY THE COSTS TO PROVIDE THESE SERVICES. EARNINGS FROM THE INVESTMENTS. THE EXCESS OF FUNDS RECEIVED FROM MEMBERS, OVER THE AMOUNT LOANDED TO MEMBERS, AS WELL AS ACCUMULATED SURPLUS, IS INVESTED IN SECURITIES ALLOWED BY THE NCUA, AND THE CREDIT UNION'S GOVERNING DOCUMENTS. false false false false false false false false false true false false false true false true true false false false false false false false false false false false true false false false false false false false false false false false true true false false true 278 0 true 83 true true true false false false false false false false X 12 12 false false false false true true true true true false true true false true true true false true true true true true X RONALD MOOREHEAD 5057665600 601 TIJERAS NW ALBUQUERQUE NM 87102 RONALD MOOREHEAD PRESIDENT/CE 45.00 X 655714 0 82009 KAREN ORTIZ EVP/COO 45.00 X 625883 0 71777 GAVIN GILLETTE SR. VP OF AD 45.00 X 209672 0 60237 STEVE COFFEY VP OF IT 45.00 X 169760 0 70207 STORMY JOHNSON VP BRANCH OF 45.00 X 136313 0 36901 MARK SCRIVENER VP OF MEM. R 45.00 X 109249 0 48973 RAUL ARROYO DIR OF INTER 45.00 X 114529 0 42638 AVA BOSWELL DIRECTOR 5.00 X 0 0 0 IVA CURELY DIRECTOR 5.00 X 0 0 0 MICHELLE DURHAM DIRECTOR X 0 0 0 VINCENT ESPARZA 2ND VICE CH 5.00 X X 0 0 0 RICK GOSHORN DIRECTOR 5.00 X 0 0 0 CASSIE KELLEY CHAIRPERSON 5.00 X X 0 0 0 STEWART LOGAN SCRETARY/TRE 5.00 X 0 0 0 RAYMOND MCCREESH DIRECTOR X 0 0 0 BOYD MILLER EMERITUS DIR 5.00 X 0 0 0 LORETTA MONTOYA 1ST VICE CHA 5.00 X 0 0 0 PABLO RAEL EMERITUS DIR 5.00 X X 0 0 0 CATHY THOMAS EMERITUS DIR 5.00 X 0 0 0 BYRAN TREVINO ASSOCIATE X 0 0 0 BYRAN TREVINO DIRECTOR 5.00 X 0 0 0 MELISSA WAUNEKA DIRECTOR 5.00 X 0 0 0 2021120 412742 10 false true false CU ENGAGE 450 CARILLON PARKWAY SUITE 130 ST PETERSBURG FL 33716 VENDOR CONTRACT 1814745 NYCE PMTS MONTHLY 400 PLAZA DRIVE 2ND FLOOR SECAUCUS NJ 070943605 DEBIT CARDS 712380 CU ANYTIME LLC 3121 CARLISLE BLVD NE SUITE 100 ALBUQUERQUE NM 87110 ATM & COINS 698934 VELOCITY SOLUTIONS PO BOX 460939 FT LAUDERDALE FL 33346 DEBIT CARDS 515861 ALKAMI 5601 GRANITE PARKWAY STE 130 PLANO TX 75024 ONLINE PLATFORM 493782 37 LOAN INTEREST 23838597 23838597 OTHER OPERATING INCOME 8412704 8412704 FEES AND CHARGES 8368308 8368308 NON-MEMBER ATM FEES 525990 22027 22027 INTEREST ON R/E CONTRACTS 866 866 40642502 1142934 1142934 131814 236963 -105149 -105149 -105149 41680287 41658260 22027 X 1435383 10836305 891258 4779894 952663 16404 28188 4316520 2052750 248571 2419476 OFFICE OPERATIONS 4398618 LOAN SERVICING 1148093 EDUCATIONAL AND PROMOTION 1001867 KANSA MEMBER REWARDS 978201 -3719182 31785009 0 0 0 23221773 36635900 57293227 46477091 485638391 575630543 41642085 17304697 24122039 24337388 86130680 105175934 27316711 39485780 703722821 827742636 6563730 10874833 646944785 750490796 653508515 761365629 X 50214306 66377007 50214306 66377007 703722821 827742636 X 9895278 6267423 X false true X true false 5129716 5129716 19912321 3372886 16539435 3002255 2643491 358764 13597793 11288320 2309473 24337388 MEMBER SHARES 750490796 750490796 41680287 41680287 41680287 31785009 31785009 31785009 X false false false RONALD MOOREHEAD PRESIDENT/CEO 655714 82009 737723 KAREN ORTIZ EVP/COO 625883 71777 697660 GAVIN GILLETTE SR. VP OF ADMIN 209672 60237 269909 STEVE COFFEY VP OF IT 169760 70207 239967 STORMY JOHNSON VP BRANCH OF OPS. 136313 36901 173214 MARK SCRIVENER VP OF MEM. RESOURCES 109249 48973 158222 RAUL ARROYO DIR OF INTERNL AUDIT 114529 42638 157167 FORM 990 - ORGANIZATION'S MISSION FIRST FINANCIAL CREDIT UNION IS A COOPERATIVE, NOT-FOR-PROFIT FINANCIAL INSTITUTION ORGANIZED TO PROMOTE THRIFT AND PROVIDE CREDIT TO MEMBERS; AT ADVANTAGEOUS RATES OVER THOSE GENERALLY AVAILABLE FROM OTHER BANKING SOURCES. FORM 990, PAGE 1, PART I, LINE 6 THE VOLUNTEERS FORM THE SUPERVISORY COMMITTEE WHICH OVERSEES THE ELECTION OF THE BOARD OF DIRECTORS AND ALSO REVIEWS THE AUDITS. FORM 990, PAGE 6, PART VI, LINE 6 MEMBERSHIP IS AVAILABLE TO ANYONE WHO QUALIFIES UNDER THE FIELD OF MEMBERSHIP, REQUESTS MEMBERSHIP, AND IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7A YES THERE IS A PROCESS FOR THE ELECTION OF MEMBERS. THE MEMBER MUST FIRST MEET CERTAIN REQUIREMENTS SUCH AS LENGTH OF TIME OF MEMBERSHIP, UNDERSTANDING OF HOW A CREDIT UNION WORKS, AND THE SERVICES OFFERED. THEY ARE THEN ELECTED TO NOMINATION BY A NOMINATING COMMITTEE OF 3 PEOPLE AFTER BEING EVALUATED BY THE COMMITTEE. THE MEMBER MUST THEN BE VOTED ONTO THE CREDIT UNIONS BOARD OF DIRECTORS BY OTHER MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7B YES, CERTAIN DECISIONS WOULD BE APPROVED BY MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 REVIEWED AT REGULARLY SCHEDULED BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 12C YES, THE ENFORCEMENT OF A CONFLICTS OF INTEREST POLICY IS ACTIVELY CARRIED OUT BY THE ORGANIZATION. THE POLICY IS PRINTED IN THE EMPLOYEE HANDBOOK AND IS ALSO INTEGRATED INTO THE BOARD OF DIRECTORS POLICIES. FORM 990, PAGE 6, PART VI, LINE 15A YES, COMPENSATION FOR TOP OFFICALS IS SUBJECT TO REVIEW AND APPROVAL BY THE BOARD. IN ADDITION, CREDIT UNION USES COMPENSATION COMMITTEE AND COMPENSATION SURVEY. FORM 990, PAGE 6, PART VI, LINE 15B YES, COMPENSATION FOR OFFICERS AND KEY EMPLOYEES IS SUBJECT TO REVIEW AND APPROVAL BY CEO AND VP OF HUMAN RESOURCES. SALARY SURVEYS ARE USED. FORM 990, PAGE 6, PART VI, LINE 19 THE BOOKS ARE AVAILABLE TO THE PUBLIC TO REVIEW UPON REQUEST. THE CALL REPORT IS ALSO OPEN TO THE PUBLIC TO REVIEW AND IS PUBLISHED ON THE NCUA WEBSITE. THE CURRENT MONTHS STATEMENT OF FINANCIAL POSITION IS POSTED IN THE LOBBY OF EACH BRANCH. FORM 990, PART IX, LINE 11G OTHER FEES 4,316,520 0 0 FORM 990, PART XI, LINE 9 CHANGE IN COMPREHENSIVE INCOME 0 CHANGE IN SECONDARY CAPITAL 8,000,000 CHANGE IN COMPREHENSIVE INCOME -1,732,577 TOTAL 6,267,423 C U USER INC C U USERS INC 601 TIJERAS NW ALBUQUERQUE NM 87102 850321660 INS. SALES NM N/A C CORP 278915 306913 1.00000 true false false false false false true false false false false false false false false false false false false false