2011-11-25T16:59:50-06:00 2010-12-31 MASTERS SCHWARTZ & COLE LLC 11776 W SAMPLE RD STE 106 CORAL SPRINGS FL 330655060 990 2010-01-01 850102571 CREDIT UNIONS IN THE STATE OF NEW M FIRST FINANCIAL CREDIT UNION CRED 5054621115 601 TIJERAS NW ALBUQUERQUE NM 87102 BEN HEYWARD 5054621115 2011-11-15 true DANIEL J COLE 9547551760 2011-11-25 2010 2016-02-24 21:20:13Z BEN HAYWARD 601 TIJERAS NW ALBUQUERQUE NM 87102 24444907 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 ADVANTAGES RATES OVER THOSE GENERALLY AVAILABLE FROM OTHER BANKING SOURCES. 9 9 225 5 4850 -450 0 28877810 23963779 506896 481128 0 29384706 24444907 0 0 8714809 9379082 0 0 20418693 20174724 29133502 29553806 251204 -5108899 383634910 353536331 345459117 320463435 38175793 33072896 FIRST FINANCIAL CREDIT UNION IS A COOPERATIVE, NOT-FOR-PROFIT FINANCIAL INSTITUTION ORGANIZED TO PROMOTE THRIFT AND PROVIDE CREDIT TO MEMBERS; AT ADVANTAGES 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 SURPLUSE, 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 false 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 false true 50097 0 true 225 true true true false false false false false X 9 9 false false false false false true true true true true true true false true true true false true true true false X RONALD MOOREHEARD 5054621119 601 TIJERAS NW ALBUQUERQUE NM 87102 X CATHY THOMAS 5.00 X 0 0 0 JOHN BLUMENTHAL 5.00 X 0 0 0 KENNETH CARSON SR 5.00 X 0 0 0 VINCENT ESPARZA 5.00 X 0 0 0 LORETTA MONTOYA 5.00 X 0 0 0 CASSIE KELLEY 5.00 X 0 0 0 PABLO RAEL 5.00 X 0 0 0 VICTOR PADILLA 5.00 X 0 0 0 JOHN SECHRIST 5.00 X 0 0 0 BEN HEYWARD 50.00 X 297643 0 38325 MARIE SHRAKE 45.00 X 161557 0 11775 RONALD MOOREHEAD 45.00 X 136550 0 10215 PAMELA MYERS 40.00 X 117035 0 11225 GINGER CHOUINARD 45.00 X 106088 0 13401 JEFFREY MCDANIEL 0.00 X 0 0 133092 RICK J HARBAUGH 0.00 X 0 0 40848 818873 258881 5 true true false DEBORAH SELIGMAN PO BOX 7806 ALBAQUERQUE NM 871947806 ATTORNEY 216946 1 LOAN INTEREST 16643748 16643748 FEES AND CHARGES 5063366 5063366 OTHER NON OPERATING INCOME 2150208 2150208 MISC 101607 101607 NON-MEMBER ATM FEES 525990 4850 4850 23963779 481128 481128 24444907 24440057 4850 439070 173940 8766072 1276992 136465 3317466 836898 LOSS SALE FIXED ASSETS 4239535 PROVISIONS FOR LOAN LOSSE 3867552 OFFICE OPERATIONS 2508240 MISC OPERATING EXP 1453285 PROFESSIONAL FEES 1422117 1116174 29553806 0 0 0 5024827 9662071 60713819 3065179 2343920 260965248 254779438 14425605 8048562 6458891 6377043 30199975 65016157 20272150 12292523 383634910 353536331 2430635 2544837 343028482 317918598 345459117 320463435 X 38175793 33072896 38175793 33072896 383634910 353536331 -5108899 6002 X true true true X true true false false false false false false false false false false 1831613 1831613 2115460 734527 1380933 3524534 2164298 1360236 6953998 5149737 1804261 6377043 MEMBER SHARES 317918598 317918598 24444907 29553806 -5108899 -5108899 24444907 24444907 24444907 29553806 29553806 29553806 X X X false false false BEN HEYWARD 297643 38325 335968 MARIE SHRAKE 161557 11775 173332 JEFFREY MCDANIEL 133092 133092 RICK J HARBAUGH 40848 40848 EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITS FORM 990, PAGE 1, PART I, LINE 6 THE VOLUNTEERS FORM THE SUPERVISORY COMMITTEE WHICH OVERSEAS THE ELECTION OF THE BOARD OF DIRECTORS AND ALSO REVIEWS THE AUDITS. ELECTION OF MEMBERS AND THEIR RIGHTS 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. DECISIONS SUBJECT TO APPROVAL OF MEMBERS FORM 990, PAGE 6, PART VI, LINE 7B YES, CERTAIN DECISIONS WOULD BE APPROVED BY MEMBERSHIP. OFFICERS WHO CANNOT BE REACHED FORM 990, PAGE 6, PART VI, LINE 9 JEFFREY MCDANIEL RICK J HARBAUGH ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 REVIEWED AT REGULARLY SCHEDULED BOARD MEETING. ENFORCEMENT OF CONFLICTS POLICY 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. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A YES, COMPENSATION FOR TOP OFFICALS IS SUBJECT TO REVIEW AND APPROVAL BY THE BOARD. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B YES, COMPENSATION FOR OFFICERS AND KEY EMPLOYEES IS SUBJECT TO REVIEW AND APPROVAL BY BOARD MEMBERS. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION 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 PUBLUSHED ON THE NCUA WEBSITE. THE CURRENT MONTHS STATEMENT OF FINANCIAL POSITION IF HUNG IN THE LOBBY OF EACH BRANCH.