Dec, 31, 2023 — SANTA ROSA COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in MILTON, FL with 5 branch locations and about $200.28 million in total assets. Opened 67 years ago in 1957, SANTA ROSA COUNTY FEDERAL CREDIT UNION has about 13,727 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SANTA ROSA COUNTY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5909 Stewart St MILTON, FL 32570 |
| Phone: | (850) 623-3877 |
| Fax: | (850) 626-8916 |
| Website: | https://www.srcfcu.org |
| Branches: | 5 branch locations |
| Members: | 13,727 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11780 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $200,275,468 |
| CEO/Manager: | Steve German |
| Chairperson: | Paul O Hinson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,793,661 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,714,536 |
| Unsecured Loans | 13,554,034 |
| Other Loans | 59,190,189 |
| TOTAL LOANS | 90,458,760 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -547,999 |
| Land And Building | 2,950,093 |
| Other Fixed Assets | 456,026 |
| NCUSIF Deposit | 1,738,410 |
| All Other Assets | 137,042 |
| TOTAL ASSETS | 200,275,468 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 86 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 899,810 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 37,350,514 |
| Regular shares | 108,982,848 |
| All Other Shares & Deposits | 35,293,010 |
| TOTAL SHARES & DEPOSITS | 181,626,372 |
| TOTAL LIABILITIES | 182,526,268 |
| Regular Reserve | 0 |
| Other Reserves | -6,856,235 |
| Undivided Earnings | 24,605,435 |
| TOTAL EQUITY | 17,749,200 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 200,275,468 |
| INCOME & EXPENSE | |
| Loan Income | 4,957,492 |
| Investment Income | 2,781,897 |
| Other Income | 1,243,699 |
| Total Employee Compensation & Benefits | 3,113,903 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,240,615 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 187,000 |
| Cost of Funds | 1,190,331 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,702,898 |
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