Dec, 31, 2023 — MANATEE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in BRADENTON, FL with 1 branch location and about $35.13 million in total assets. Opened 66 years ago in 1958, MANATEE COMMUNITY FEDERAL CREDIT UNION has about 2,587 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MANATEE COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 604 13th Ave E BRADENTON, FL 34208-2601 |
Phone: | (941) 748-7704 |
Fax: | (941) 748-7620 |
Website: | https://www.financialaccessfcu.org |
Branches: | 1 branch locations |
Members: | 2,587 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12238 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $35,132,998 |
CEO/Manager: | Sherod Halliburton |
Chairperson: | Timothy W Bare |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,453,260 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,989,194 |
Unsecured Loans | 1,748,428 |
Other Loans | 7,768,770 |
TOTAL LOANS | 12,506,392 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -331,253 |
Land And Building | 775,116 |
Other Fixed Assets | 58,379 |
NCUSIF Deposit | 309,839 |
All Other Assets | 0 |
TOTAL ASSETS | 35,132,998 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 302,057 |
Accounts Payable & Other Liabilities | 2,022,118 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,471,472 |
Regular shares | 14,644,626 |
All Other Shares & Deposits | 4,027,046 |
TOTAL SHARES & DEPOSITS | 26,143,144 |
TOTAL LIABILITIES | 28,467,319 |
Regular Reserve | 0 |
Other Reserves | 444,816 |
Undivided Earnings | 6,220,863 |
TOTAL EQUITY | 6,665,679 |
TOTAL LIABILITIES, SHARES, & EQUITY | 35,132,998 |
INCOME & EXPENSE | |
Loan Income | 769,157 |
Investment Income | 594,963 |
Other Income | 350,718 |
Total Employee Compensation & Benefits | 1,164,329 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,390,690 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 51,455 |
Cost of Funds | 90,126 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 138,146 |
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