Dec, 31, 2023 — GROW FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in TAMPA, FL with 27 branch locations and about $3.52 billion in total assets. Opened 69 years ago in 1955, GROW FINANCIAL FEDERAL CREDIT UNION has about 266,360 members and employs 573 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GROW FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 9927 Delaney Lake Dr TAMPA, FL 33619 |
| Phone: | (813) 837-2451 |
| Fax: | (813) 832-3619 |
| Website: | https://www.growfinancial.org |
| Branches: | 27 branch locations |
| Members: | 266,360 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9976 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,519,826,355 |
| CEO/Manager: | Thomas Feindt |
| Chairperson: | Richard Reeder |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 288,020,591 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,057,973,478 |
| Unsecured Loans | 132,985,311 |
| Other Loans | 1,455,978,287 |
| TOTAL LOANS | 2,646,937,075 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -39,696,563 |
| Land And Building | 48,644,771 |
| Other Fixed Assets | 5,133,151 |
| NCUSIF Deposit | 28,079,856 |
| All Other Assets | 1,470,982 |
| TOTAL ASSETS | 3,519,826,355 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 99,466 |
| Notes & Interest Payable | 230,644,055 |
| Accounts Payable & Other Liabilities | 48,276,960 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 589,104,384 |
| Regular shares | 577,384,297 |
| All Other Shares & Deposits | 1,715,454,033 |
| TOTAL SHARES & DEPOSITS | 2,881,942,714 |
| TOTAL LIABILITIES | 3,160,972,499 |
| Regular Reserve | 0 |
| Other Reserves | -4,785,711 |
| Undivided Earnings | 363,639,567 |
| TOTAL EQUITY | 358,853,856 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,519,826,355 |
| INCOME & EXPENSE | |
| Loan Income | 143,332,087 |
| Investment Income | 19,973,188 |
| Other Income | 14,010,881 |
| Total Employee Compensation & Benefits | 60,377,971 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 52,899,946 |
| Non-operating Income & (Expense) | 3,559,749 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,674,896 |
| Cost of Funds | 40,318,072 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 39,183,039 |
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