Overview
What is Credit Unions In The State Of New M First Financial Credit Union?
First Financial Credit Union, a cooperative not-for-profit financial institution based in Albuquerque, New Mexico (ZIP code 87107), operates under the name "Credit Unions in the State of New M." Established to promote thrift and provide credit to members, this credit union offers competitive rates that surpass those typically found in other banking sources. With a team of 107 employees, they charge interest at market rates to generate revenue and cover operational costs. First Financial Credit Union's mission is to serve its community by providing financial services to its members at advantageous rates.
Official website here: www.ffnm.com
Is Credit Unions In The State Of New M First Financial Credit Union legitimate?
Credit Unions In The State Of New M First Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions In The State Of New M First Financial 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,709,540
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,180,055
For more financial information, click here
Official website here: www.ffnm.com
What is the mission statement of Credit Unions In The State Of New M First Financial Credit Union?
First Financial Credit Union functions as a cooperative, not-for-profit financial institution dedicated to encouraging thrift and lending advantageous credit rates to its members. Established with the goal of offering competitive interest rates, the credit union aims to surpass the ones generally accessible from other banking sources. It derives revenue by charging market rates of interest to its members, ensuring financial sustainability.
Official website here: www.ffnm.com
Who is the CEO of Credit Unions In The State Of New M First Financial Credit Union?
Karen Ortiz is the President/Ce of Credit Unions In The State Of New M First Financial Credit Union.
Official website here: www.ffnm.com
What is the revenue of Credit Unions In The State Of New M First Financial Credit Union?
Credit Unions In The State Of New M First Financial Credit Union's revenue in 2022 was $50,914,383.
Official website here: www.ffnm.com
Who are the executives of Credit Unions In The State Of New M First Financial Credit Union and what are their salaries?
The average compensation at Credit Unions In The State Of New M First Financial Credit Union during 2022 was $148,501. There are 107 employees and 14 volunteers at Credit Unions In The State Of New M First Financial Credit Union.
Here are 23 key members and their salaries:
- Ronald Moorehead (President/Ce)
- Karen Ortiz (Evp/Coo)
- Chris Samborski (Clo)
- Steve Coffey (Cio)
- Stormy Johnson (Vp Branch Of)
- Dennis Houston (Cso)
- Yvone Alaniz-Carpe (Cfo)
- Ava Boswell (Director)
- Iva Curely (Director)
- Michelle Durham (Director)
- Vincent Esparza (2Nd Vice Ch) [Trustee/Director]
- Cindy Frost (Director)
- Rick Goshorn (Director)
- Cassie Kelley (Chairperson) [Trustee/Director]
- Stewart Logan (Scretary/Tre) [Trustee/Director]
- Raymond Mccreesh (Director)
- Boyd Miller (Emeritus Dir) [Trustee/Director]
- Loretta Montoya (1St Vice Cha) [Trustee/Director]
- Pablo Rael (Emeritus Dir) [Trustee/Director]
- Cathy Thomas (Emeritus Dir) [Trustee/Director]
- Byran Trevino (Associate) [Trustee/Director]
- Byran Trevino (Director)
- Melissa Wauneka (Director)
Official website here: www.ffnm.com
Where can I find the form 990 for Credit Unions In The State Of New M First Financial Credit Union?
The Credit Unions In The State Of New M First Financial Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.ffnm.com
Learn more at the official website: www.ffnm.com
Mission Statement of Credit Unions In The State Of New M First Financial Credit Union
First Financial Credit Union, a cooperative not-for-profit financial institution, was established with a mission to promote thrift and provide credit to members at advantageous rates compared to those generally available from other banking sources. By operating as a cooperative, First Financial Credit Union aims to offer financial services that prioritize the needs and wellbeing of its members.
At the heart of this credit union's mission lies its commitment to helping members save through thrift initiatives and borrow at favorable rates. The institution's primary goal is to provide affordable financial services, ensuring that members can access credit when needed while contributing to a collective pool of savings. This not-for-profit approach sets First Financial Credit Union apart from traditional banking sources, making it a valuable resource for individuals seeking a more community-oriented and member-focused financial solution.
First Financial Credit Union generates revenue by charging members interest on loans at market rates. While this may seem standard in the financial sector, the credit union's mission to prioritize its members' interests ensures that these rates remain competitive and more advantageous than those offered by other banking sources. By maintaining a strong focus on the financial wellbeing of its members, First Financial Credit Union fosters an environment of financial stability and growth.
Impact
This information is meant to be a general summary of Credit Unions In The State Of New M First Financial Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Credit Unions In the State Of New M First Financial Credit Union, also known as First Financial Credit Union, plays a significant role in the financial landscape of Albuquerque, NM. As a cooperative, not-for-profit financial institution, its primary mission is to promote thrift and provide credit to members at advantageous rates compared to traditional banking sources. By offering competitive interest rates and financial services, First Financial Credit Union helps its members achieve their financial goals and improve their financial well-being. Additionally, as a public benefit organization, the credit union contributes to the overall economic development and stability of the community by reinvesting its revenues for the benefit of its members. Through its commitment to financial inclusivity and member empowerment, First Financial Credit Union demonstrates the positive impact that credit unions can have on individuals and communities.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$27,400,284
OTHER OPERATING INCOME
Revenue
$9,913,612
FEES AND CHARGES
Revenue
$9,155,946
NON-MEMBER ATM FEES
Revenue
$93,046
INTEREST ON R/E CONTRACTS
Revenue
$-21
Organization Details
Founding Year
1937
Phone
(505) 462-1115
Principal Officer
Karen Ortiz
Main Address
4910 UNION WAY NE, ALBUQUERQUE, NM, 87107
Website
www.ffnm.com
NTEE Category
Code: W60 - Public benefit
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