Dec, 31, 2023 — EGLIN FEDERAL CREDIT UNION is a federal credit union headquartered in FORT WALTON BEACH, FL with 10 branch locations and about $2.82 billion in total assets. Opened 70 years ago in 1954, EGLIN FEDERAL CREDIT UNION has about 124,001 members and employs 434 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EGLIN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 838 Eglin Pkwy NE FORT WALTON BEACH, FL 32547-2530 |
| Phone: | (850) 862-0111 |
| Fax: | (850) 862-7120 |
| Website: | https://www.eglinfcu.org |
| Branches: | 10 branch locations |
| Members: | 124,001 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9788 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,816,924,137 |
| CEO/Manager: | Jerry B Williams |
| Chairperson: | William S Rone |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 259,019,957 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 366,611,094 |
| Unsecured Loans | 89,045,996 |
| Other Loans | 572,574,273 |
| TOTAL LOANS | 1,028,231,363 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,467,738 |
| Land And Building | 30,575,818 |
| Other Fixed Assets | 85,747,454 |
| NCUSIF Deposit | 23,582,431 |
| All Other Assets | 335,931 |
| TOTAL ASSETS | 2,816,924,137 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,310,826 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 28,230,086 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 506,679,876 |
| Regular shares | 837,836,008 |
| All Other Shares & Deposits | 1,117,011,290 |
| TOTAL SHARES & DEPOSITS | 2,461,527,174 |
| TOTAL LIABILITIES | 2,493,068,086 |
| Regular Reserve | 0 |
| Other Reserves | 308,801,831 |
| Undivided Earnings | 15,054,220 |
| TOTAL EQUITY | 323,856,051 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,816,924,137 |
| INCOME & EXPENSE | |
| Loan Income | 44,986,269 |
| Investment Income | 39,564,929 |
| Other Income | 5,920,537 |
| Total Employee Compensation & Benefits | 31,605,850 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 22,607,833 |
| Non-operating Income & (Expense) | 37,758 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,833,508 |
| Cost of Funds | 22,535,815 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 27,845,969 |
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