Dec, 31, 2023 — FLORIDA CREDIT UNION is a federally insured state chartered credit union headquartered in GAINESVILLE, FL with 14 branch locations and about $2.11 billion in total assets. Opened 70 years ago in 1954, FLORIDA CREDIT UNION has about 152,456 members and employs 314 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FLORIDA CREDIT UNION |
|---|---|
| Address: (Main Office) | 1615 NW 80th Blvd GAINESVILLE, FL 32606 |
| Phone: | (352) 377-4141 |
| Fax: | (352) 264-2654 |
| Website: | https://www.flcu.org |
| Branches: | 14 branch locations |
| Members: | 152,456 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60497 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,105,555,808 |
| CEO/Manager: | Mark (CEO) Starr |
| Chairperson: | Judy Johnson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 338,155,099 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 511,574,331 |
| Unsecured Loans | 150,256,977 |
| Other Loans | 1,032,669,931 |
| TOTAL LOANS | 1,696,997,505 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,881,932 |
| Land And Building | 25,578,034 |
| Other Fixed Assets | 5,155,416 |
| NCUSIF Deposit | 15,469,492 |
| All Other Assets | 3,330,376 |
| TOTAL ASSETS | 2,105,555,808 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 50,000,000 |
| Accounts Payable & Other Liabilities | 34,986,077 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 446,043,094 |
| Regular shares | 344,931,609 |
| All Other Shares & Deposits | 967,919,182 |
| TOTAL SHARES & DEPOSITS | 1,758,893,884 |
| TOTAL LIABILITIES | 1,843,893,829 |
| Regular Reserve | 0 |
| Other Reserves | 2,519,688 |
| Undivided Earnings | 259,142,291 |
| TOTAL EQUITY | 261,661,979 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,105,555,808 |
| INCOME & EXPENSE | |
| Loan Income | 95,800,134 |
| Investment Income | 16,808,488 |
| Other Income | 16,049,330 |
| Total Employee Compensation & Benefits | 29,483,229 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 31,659,075 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,659,928 |
| Cost of Funds | 32,546,010 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 36,956,248 |
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