Dec, 31, 2023 — COMPASS FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in MEDLEY, FL with 1 branch location and about $24.85 million in total assets. Opened 88 years ago in 1936, COMPASS FINANCIAL FEDERAL CREDIT UNION has about 3,164 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COMPASS FINANCIAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 9960 NW 116th Way Ste 5 MEDLEY, FL 33178-1174 |
Phone: | (305) 887-9781 |
Fax: | (305) 887-3310 |
Website: | https://www.compassffcu.org |
Branches: | 1 branch locations |
Members: | 3,164 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1068 |
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Membership Type: | Multiple common bond - Primarily transportation |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $24,853,042 |
CEO/Manager: | Leonardo M Acosta |
Chairperson: | Raymond J Jones |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,199,544 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,618,825 |
Unsecured Loans | 1,083,940 |
Other Loans | 14,573,104 |
TOTAL LOANS | 18,275,869 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -149,287 |
Land And Building | 0 |
Other Fixed Assets | 198,389 |
NCUSIF Deposit | 217,908 |
All Other Assets | 32,065 |
TOTAL ASSETS | 24,853,042 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 379,851 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,602,180 |
Regular shares | 3,903,333 |
All Other Shares & Deposits | 8,319,664 |
TOTAL SHARES & DEPOSITS | 21,825,177 |
TOTAL LIABILITIES | 22,205,028 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,648,014 |
TOTAL EQUITY | 2,648,014 |
TOTAL LIABILITIES, SHARES, & EQUITY | 24,853,042 |
INCOME & EXPENSE | |
Loan Income | 1,219,468 |
Investment Income | 18,286 |
Other Income | 357,283 |
Total Employee Compensation & Benefits | 984,159 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 757,307 |
Non-operating Income & (Expense) | 958 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 318,466 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -109,118 |
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