Dec, 31, 2023 — COUNTRY FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in MACCLENNY, FL with 3 branch locations and about $122.57 million in total assets. Opened 57 years ago in 1967, COUNTRY FINANCIAL CREDIT UNION has about 7,516 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COUNTRY FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 602 S 6th St MACCLENNY, FL 32063-2608 |
| Phone: | (904) 259-6702 |
| Fax: | (904) 259-2666 |
| Website: | https://www.truficu.org |
| Branches: | 3 branch locations |
| Members: | 7,516 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68691 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $122,567,643 |
| CEO/Manager: | Anita Crews |
| Chairperson: | Michael Griffis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,899,504 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 32,241,439 |
| Unsecured Loans | 6,424,346 |
| Other Loans | 33,624,499 |
| TOTAL LOANS | 75,659,010 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -678,977 |
| Land And Building | 731,367 |
| Other Fixed Assets | 370,980 |
| NCUSIF Deposit | 1,018,311 |
| All Other Assets | 0 |
| TOTAL ASSETS | 122,567,643 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,624,976 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 26,715,562 |
| Regular shares | 39,549,891 |
| All Other Shares & Deposits | 43,801,695 |
| TOTAL SHARES & DEPOSITS | 110,067,148 |
| TOTAL LIABILITIES | 111,692,124 |
| Regular Reserve | 0 |
| Other Reserves | -1,326,205 |
| Undivided Earnings | 12,201,724 |
| TOTAL EQUITY | 10,875,519 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 122,567,643 |
| INCOME & EXPENSE | |
| Loan Income | 4,872,752 |
| Investment Income | 897,212 |
| Other Income | 1,776,741 |
| Total Employee Compensation & Benefits | 1,991,454 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,808,278 |
| Non-operating Income & (Expense) | 2,167 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 102,300 |
| Cost of Funds | 993,798 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,769,315 |
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