Dec, 31, 2023 — COMPASS FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in MEDLEY, FL with 1 branch location and about $24.85 million in total assets. Opened 88 years ago in 1936, COMPASS FINANCIAL FEDERAL CREDIT UNION has about 3,164 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMPASS FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 9960 NW 116th Way Ste 5 MEDLEY, FL 33178-1174 |
| Phone: | (305) 887-9781 |
| Fax: | (305) 887-3310 |
| Website: | https://www.compassffcu.org |
| Branches: | 1 branch locations |
| Members: | 3,164 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1068 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $24,853,042 |
| CEO/Manager: | Leonardo M Acosta |
| Chairperson: | Raymond J Jones |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,199,544 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,618,825 |
| Unsecured Loans | 1,083,940 |
| Other Loans | 14,573,104 |
| TOTAL LOANS | 18,275,869 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -149,287 |
| Land And Building | 0 |
| Other Fixed Assets | 198,389 |
| NCUSIF Deposit | 217,908 |
| All Other Assets | 32,065 |
| TOTAL ASSETS | 24,853,042 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 379,851 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,602,180 |
| Regular shares | 3,903,333 |
| All Other Shares & Deposits | 8,319,664 |
| TOTAL SHARES & DEPOSITS | 21,825,177 |
| TOTAL LIABILITIES | 22,205,028 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,648,014 |
| TOTAL EQUITY | 2,648,014 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 24,853,042 |
| INCOME & EXPENSE | |
| Loan Income | 1,219,468 |
| Investment Income | 18,286 |
| Other Income | 357,283 |
| Total Employee Compensation & Benefits | 984,159 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 757,307 |
| Non-operating Income & (Expense) | 958 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 318,466 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -109,118 |
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