2018-01-31T18:59:28-07:00 2016-12-31 261694946 SCHWARTZ COLE AND ASSOCIATES LLC 11776 W SAMPLE RD STE 106 CORAL SPRINGS FL 330653180 990 2016-01-01 850102571 CREDIT UNIONS IN THE STATE OF NEW M FIRST FINANCIAL CREDIT UNION CRED 5054621115 601 TIJERAS NW ALBUQUERQUE NM 87102 KAREN BROTEN COO 5054621115 2017-05-15 true DANIEL J COLE P00055998 9547551760 2018-01-31 05F306D322AA9CE035320F44B16AA575BAA07600 08BD273990EA01E5E38543C8FC488B7685EB5954 2016 2021-01-29 14:40:06Z KAREN BROTEN 29018924 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 ADVANTAGED RATES OVER THOSE GENERALLY AVAILABLE FROM OTHER BANKING SOURCES. 8 8 277 10 0 0 25141620 27881516 1617402 88736 0 26759022 27970252 0 0 13226006 13601411 0 0 13244964 14772551 26470970 28373962 288052 -403710 491504002 507821984 451706220 468379556 39797782 39442428 FIRST FINANCIAL CREDIT UNION IS A COOPERATIVE, NOT-FOR-PROFIT FINANCIAL INSTITUTION ORGANIZED TO PROMOTE THRIFT AND PROVIDE CREDIT TO MEMBERS; AT ADVANTAGED 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 true 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 false false true 12753 0 true 277 true false false false false false false X 8 8 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 CASSIE KELLEY 1ST VICE CHA 5.00 X X 0 0 0 PABLO RAEL ADVISOR 5.00 X X 0 0 0 VICTOR PADILLA DIRECTOR 5.00 X 0 0 0 CATHY THOMAS SECRETARY/TR 5.00 X 0 0 0 BOYD MILLER DIRECTOR 5.00 X 0 0 0 VINCENT ESPARZA 2ND VICE CH 5.00 X X 0 0 0 LORETTA MONTOYA CHAIRPERSON 5.00 X 0 0 0 CYNTHIA KANE DIRECTOR X 0 0 0 JOHN WARNER DIRECTOR X 0 0 0 RONALD MOOREHEAD PRESIDENT/CE 45.00 X 414698 0 31280 KAREN BROTEN COO 45.00 X 208140 0 20432 SARAH HORTEN SVP LENDING 45.00 X 136957 0 11864 GAVIN GILLETTE SR. VP OF AD 45.00 X 131968 0 11614 ANDREW T SCHOL VP IT 45.00 X 131623 0 11596 CLINTON L GRAY VPOF INTRL O 45.00 X 130046 0 15006 OLIVIA MARTINEZ VP OF LENDIN 45.00 X 106793 0 15354 1260225 117146 8 false true false BCBS BLUE CROSS BLUE SHIELD 25550 NETWORK PLACE CHICAGO IL 606731255 HEALTH SERVICES 1748819 CENTURY LINK-505-D08-2040-040 PO BOX 4300 CAROL STREAM IL 601974300 COMMUNICATION 589898 JOHN RENTALS LLC 5925 EDITH BLVD NE ALBUQUERQUE NM 87107 RENTAL 548778 LANVERA 112 WRANGLER DR SUITE 150 COPPELL TX 75019 CU SERVICES 398663 ENTERPRISE BUILDERS CORPORATION PO BOX 3987 ALBUQUERQUE NM 87190 CONSTRUCTION 385548 22 LOAN INTEREST 16938938 16938938 FEES AND CHARGES 6850601 6850601 OTHER OPERATING INCOME 4091977 4091977 27881516 1137408 1137408 9028 1039644 -9028 -1039644 -1048672 -1048672 27970252 27970252 622838 9818142 666638 1629737 864056 32414 42963 1968231 1782827 274171 1639930 PROVISIONS FOR LOAN LOSSE 3600000 OFFICE OPERATIONS 3389928 LOAN SERVICING 900675 EDUCATIONAL AND PROMOTION 811895 329517 28373962 0 0 0 13522325 13683073 30644032 15434284 322403277 400561692 25793414 15900961 9994994 9892453 83495200 37733619 31444174 30516863 491504002 507821984 4435824 6246123 447270396 462133433 451706220 468379556 X 39797782 39442428 39797782 39442428 491504002 507821984 -403710 48356 X false true X true false 1829716 1829716 8133567 2230928 5902639 3882771 3080966 801805 11947360 10589067 1358293 9892453 OTHER ASSETS 21512289 NCUA SHARE INSURANCE DEPOSIT 4450157 INVESTMENT IN CU ANYTIME 2242582 ACCRUED INTEREST ON LOANS 1141140 PREPAID EXPENSES 754777 FORECLOSED AND REPO'D ASSETS 409898 ACCRUED INCOME 6020 30516863 MEMBER SHARES 462133433 462133433 27970252 27970252 27970252 28373962 28373962 28373962 X false false false RONALD MOOREHEAD PRESIDENT/CEO 414698 31280 445978 KAREN BROTEN COO 208140 20432 228572 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 XI, LINE 9 MERGER 0 ACCUMULATED OTHER INCOME 48,338 OTHER 18 TOTAL 48,356 C U USER INC C U USERS INC 601 TIJERAS NW ALBUQUERQUE NM 87102 850321660 INS. SALES NM N/A C CORP 281920 false false false false false false true false false false false false false false false false false false false false