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National Credit Union Service Organization

121 FINANCIAL CREDIT UNION

Dec, 31, 2023 — 121 FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in JACKSONVILLE, FL with 7 branch locations and about $693.79 million in total assets. Opened 89 years ago in 1935, 121 FINANCIAL CREDIT UNION has about 49,909 members and employs 139 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 263079043
Name:121 FINANCIAL CREDIT UNION
Address:
(Main Office)
701 Riverside Park Pl
JACKSONVILLE, FL 32204-3358
Phone:(904) 723-6300
Fax:
Website:https://www.121fcu.org
Branches:7 branch locations
Members:49,909
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:61605
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1935
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$693,788,578
CEO/Manager:David F Marovich
Chairperson:Harold Boree

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 67,843,848
TOTAL INVESTMENTS 0
Loans Held for Sale 395,207
 
 Real Estate Loans 250,695,419
 Unsecured Loans 36,313,241
 Other Loans 198,074,443
 TOTAL LOANS 485,099,746
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,491,964
 Land And Building 20,187,685
 Other Fixed Assets 4,423,105
 NCUSIF Deposit 5,512,494
 All Other Assets 321,469
  TOTAL ASSETS 693,788,578
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 90,000,000
 Accounts Payable & Other Liabilities 7,790,257
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 136,208,500
 Regular shares 163,768,973
 All Other Shares & Deposits 245,192,153
  TOTAL SHARES & DEPOSITS 545,169,626
  TOTAL LIABILITIES 642,959,883
 Regular Reserve 0
 Other Reserves -7,690,852
 Undivided Earnings 58,519,547
  TOTAL EQUITY 50,828,695
  TOTAL LIABILITIES, SHARES, & EQUITY 693,788,578
INCOME & EXPENSE  
 Loan Income 28,361,897
 Investment Income 6,020,752
 Other Income 3,427,124
 Total Employee Compensation & Benefits 13,412,247
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 16,982,521
 Non-operating Income & (Expense) 701,159
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,802,928
 Cost of Funds 7,344,430
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,839,311
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