Jun, 30, 2024 — SUWANNEE RIVER FEDERAL CREDIT UNION is a federal credit union headquartered in LIVE OAK, FL with 2 branch locations and about $28.61 million in total assets. Opened 89 years ago in 1936, SUWANNEE RIVER FEDERAL CREDIT UNION has about 2,434 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SUWANNEE RIVER FEDERAL CREDIT UNION |
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Address: (Main Office) | 203 Pinewood Way SW LIVE OAK, FL 32064 |
Phone: | (386) 362-2225 |
Fax: | (386) 362-1180 |
Website: | https://www.suwanneeriverfcu.com |
Branches: | 2 branch locations |
Members: | 2,434 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1086 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $28,610,081 |
CEO/Manager: | Amy Cundiff |
Chairperson: | Windal Boise |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,668,670 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,603,477 |
Unsecured Loans | 1,462,089 |
Other Loans | 5,857,309 |
TOTAL LOANS | 9,922,875 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -68,582 |
Land And Building | 115,194 |
Other Fixed Assets | 14,578 |
NCUSIF Deposit | 239,208 |
All Other Assets | 0 |
TOTAL ASSETS | 28,610,081 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 121 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 107,048 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,305,475 |
Regular shares | 17,771,404 |
All Other Shares & Deposits | 2,168,380 |
TOTAL SHARES & DEPOSITS | 26,245,259 |
TOTAL LIABILITIES | 26,352,428 |
Regular Reserve | 0 |
Other Reserves | 224,322 |
Undivided Earnings | 2,033,331 |
TOTAL EQUITY | 2,257,653 |
TOTAL LIABILITIES, SHARES, & EQUITY | 28,610,081 |
INCOME & EXPENSE | |
Loan Income | 351,121 |
Investment Income | 150,305 |
Other Income | 75,288 |
Total Employee Compensation & Benefits | 260,555 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 332,430 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 59,994 |
Cost of Funds | 2,710 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -21,983 |
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