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.
Name: | 121 FINANCIAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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