2015-11-16T22:48:51-06:00 2014-12-31 261694946 SCHWARTZ COLE AND ASSOCIATES LLC 11776 W SAMPLE RD STE 106 CORAL SPRINGS FL 330653180 990 2014-01-01 850102571 CREDIT UNIONS IN THE STATE OF NEW M FIRST FINANCIAL CREDIT UNION CRED 5054621115 601 TIJERAS NW ALBUQUERQUE NM 87102 RONALD MOOREHEAD PRESIDENT 5054621115 2015-11-15 true DANIEL J COLE P00055998 9547551760 2015-11-16 2014 2016-03-07 17:11:31Z RONALD MOOREHEAD 601 TIJERAS NW ALBUQUERQUE NM 87102 25198338 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 8 230 50683 -1067 0 25647375 23948483 -432654 1051679 0 25214721 25000162 0 0 11441502 11361133 0 0 14069186 13135790 25510688 24496923 -295967 503239 415454922 427405979 378706177 389787978 36748745 37618001 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 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 false false false true 35000 0 true 230 true true true 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 CHAIRPERSON 5.00 X X 0 0 0 PABLO RAEL 2ND VICE CHR 5.00 X X 0 0 0 VICTOR PADILLA DIRECTOR X 0 0 0 CATHY THOMAS DIRECTOR 5.00 X 0 0 0 JOHN BLUMENTHAL SEC/TREAS X X 0 0 0 BOYD MILLER DIRECTOR 5.00 X 0 0 0 VINCENT ESPARZA 1ST VICE CHA 5.00 X X 0 0 0 LORETTA MONTOYA DIRECTOR 5.00 X 0 0 0 RONALD MOOREHEAD INTERIM CEO 45.00 X 274499 0 27765 KAREN BROTEN COO 45.00 X 177032 0 18665 BEN HEYWARD FORMER PRESI X 0 0 0 ANDREW T SCHOL VP IT 45.00 X 125258 0 10890 GAVIN GILLETTE SR. VP OF AD 45.00 X 114423 0 10347 CLINTON L GRAY VPOF INTRL O 45.00 X 112536 0 13526 SARAH HORTEN SVP LENDING 45.00 X 109487 0 10100 RAUL ARROYO DIR OF INTER 45.00 X 100003 0 21032 1013238 112325 7 false true false BENCHMARK REAL ESTATE 733 VALVERDE SE ALBUQUERQUE NM 87108 522992 DEBORAH SELIGMAN PO BOX 7806 ALBAQUERQUE NM 871947806 ATTORNEY 263403 INTERNATIONAL STRATEGIC PARTNERS LL 112558 3 LOAN INTEREST 14802486 14802486 FEES AND CHARGES 6277677 6277677 OTHER OPERATING INCOME 2817637 2817637 NON-MEMBER ATM FEES 525990 50683 50683 23948483 1234671 1234671 15184 198176 -182992 -182992 -182992 25000162 24949479 50683 451531 8442497 566714 1167992 732399 1556583 250117 1812694 PROVISIONS FOR LOAN LOSSE 3095000 OFFICE OPERATIONS 2915186 PROFESSIONAL FEES 1573743 EDUCATIONAL AND PROMOTION 702284 1230183 24496923 0 0 0 12150404 35966653 30737277 31643710 308216428 268912377 21788759 12714026 9751802 9074733 35493273 65623944 19105738 16184562 415454922 427405979 2533189 3020102 376172988 386767876 378706177 389787978 X 36748745 37618001 36748745 37618001 415454922 427405979 503239 366017 X false false 1443437 1443437 5747134 1284028 4463106 3982210 2836555 1145655 10615978 8593443 2022535 9074733 MEMBER SHARES 386767876 386767876 25000162 25000162 25000162 24496923 24496923 24496923 false false false RONALD MOOREHEAD INTERIM CEO / CFO 274499 27765 302264 KAREN BROTEN COO 177032 18665 195697 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 MISC 366,017