Dec, 31, 2023 — KEYS FEDERAL CREDIT UNION is a federal credit union headquartered in KEY WEST, FL with 6 branch locations and about $253.61 million in total assets. Opened 84 years ago in 1940, KEYS FEDERAL CREDIT UNION has about 17,509 members and employs 59 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KEYS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3022 N Roosevelt Blvd KEY WEST, FL 33040 |
| Phone: | (305) 294-6622 |
| Fax: | (305) 809-1215 |
| Website: | https://www.keysfcu.org |
| Branches: | 6 branch locations |
| Members: | 17,509 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4135 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $253,605,746 |
| CEO/Manager: | Meagan K Sayer |
| Chairperson: | Ronald Demes |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,208,423 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 66,195,869 |
| Unsecured Loans | 32,934,947 |
| Other Loans | 84,927,510 |
| TOTAL LOANS | 184,058,326 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,756,975 |
| Land And Building | 3,866,925 |
| Other Fixed Assets | 4,715,076 |
| NCUSIF Deposit | 2,289,456 |
| All Other Assets | 70,132 |
| TOTAL ASSETS | 253,605,746 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,147,138 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 81,323,228 |
| Regular shares | 73,806,495 |
| All Other Shares & Deposits | 72,669,004 |
| TOTAL SHARES & DEPOSITS | 227,798,727 |
| TOTAL LIABILITIES | 233,945,865 |
| Regular Reserve | 0 |
| Other Reserves | 77,779 |
| Undivided Earnings | 19,582,102 |
| TOTAL EQUITY | 19,659,881 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 253,605,746 |
| INCOME & EXPENSE | |
| Loan Income | 11,097,603 |
| Investment Income | 1,217,726 |
| Other Income | 1,222,105 |
| Total Employee Compensation & Benefits | 3,951,703 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,949,527 |
| Non-operating Income & (Expense) | 9,731 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,826,399 |
| Cost of Funds | 1,900,725 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,847,221 |
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