Dec, 31, 2023 — TYNDALL FEDERAL CREDIT UNION is a federal credit union headquartered in PANAMA CITY, FL with 10 branch locations and about $1.92 billion in total assets. Opened 68 years ago in 1956, TYNDALL FEDERAL CREDIT UNION has about 112,154 members and employs 230 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TYNDALL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 909 E 23rd St PANAMA CITY, FL 32405-5312 |
| Phone: | (850) 769-9999 |
| Fax: | |
| Website: | https://www.tyndall.org |
| Branches: | 10 branch locations |
| Members: | 112,154 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10754 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,919,091,908 |
| CEO/Manager: | James Warren |
| Chairperson: | Frances Martin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 92,484,348 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 515,790,042 |
| Unsecured Loans | 104,426,823 |
| Other Loans | 344,038,242 |
| TOTAL LOANS | 964,255,107 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,949,008 |
| Land And Building | 27,718,626 |
| Other Fixed Assets | 3,240,026 |
| NCUSIF Deposit | 14,615,229 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,919,091,908 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,014 |
| Notes & Interest Payable | 183,628,552 |
| Accounts Payable & Other Liabilities | 27,852,701 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 308,814,011 |
| Regular shares | 628,259,942 |
| All Other Shares & Deposits | 645,968,719 |
| TOTAL SHARES & DEPOSITS | 1,583,042,672 |
| TOTAL LIABILITIES | 1,794,527,939 |
| Regular Reserve | 0 |
| Other Reserves | -82,896,960 |
| Undivided Earnings | 207,460,929 |
| TOTAL EQUITY | 124,563,969 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,919,091,908 |
| INCOME & EXPENSE | |
| Loan Income | 44,897,593 |
| Investment Income | 31,026,620 |
| Other Income | 3,444,534 |
| Total Employee Compensation & Benefits | 22,908,578 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 19,508,777 |
| Non-operating Income & (Expense) | -166,295 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,299,526 |
| Cost of Funds | 43,928,446 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,647,868 |
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