Dec, 31, 2020 — SUWANNEE RIVER FEDERAL CREDIT UNION is a federal credit union headquartered in LIVE OAK, FL with 2 branch locations and about $23.36 million in total assets. Opened 85 years ago in 1936, SUWANNEE RIVER FEDERAL CREDIT UNION has about 2,586 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 |
|---|---|
| Address: (Main Office) | 203 PINEWOOD WAY, SW LIVE OAK, FL 32064 |
| Phone: | (386) 362-2225 |
| Fax: | (386) 362-1180 |
| Website: | http://www.suwanneeriverfcu.com |
| Branches: | 2 branch locations |
| Members: | 2,586 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1086 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,356,116 |
| CEO/Manager: | Amy Cundiff |
| Chairperson: | Windal Boise |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,477,567 |
| TOTAL INVESTMENTS | 9,699,077 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,444,282 |
| Unsecured Loans | 1,750,231 |
| Other Loans | 5,595,776 |
| TOTAL LOANS | 9,790,289 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -66,691 |
| Land And Building | 125,957 |
| Other Fixed Assets | 22,245 |
| NCUSIF Deposit | 171,031 |
| All Other Assets | 136,641 |
| TOTAL ASSETS | 23,356,116 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 319 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 98,413 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,586,173 |
| Regular shares | 14,556,117 |
| All Other Shares & Deposits | 1,815,535 |
| TOTAL SHARES & DEPOSITS | 20,957,825 |
| TOTAL LIABILITIES | 21,056,557 |
| Regular Reserve | 224,322 |
| Other Reserves | 0 |
| Undivided Earnings | 2,075,237 |
| TOTAL EQUITY | 2,299,559 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,356,116 |
| INCOME & EXPENSE | |
| Loan Income | 490,912 |
| Investment Income | 185,089 |
| Other Income | 175,577 |
| Total Employee Compensation & Benefits | 371,020 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 438,433 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 10,008 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 32,117 |
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