Sep, 30, 2025 — FLORENCE FEDERAL CREDIT UNION is a federal credit union headquartered in FLORENCE, AL with 2 branch locations and about $67.10 million in total assets. Opened 67 years ago in 1959, FLORENCE FEDERAL CREDIT UNION has about 3,982 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FLORENCE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1505 N Pine St FLORENCE, AL 35630-2285 |
| Phone: | (256) 767-4700 |
| Fax: | (256) 766-7414 |
| Website: | https://www.ffcuonline.com |
| Branches: | 2 branch locations |
| Members: | 3,982 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13167 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $67,102,617 |
| CEO/Manager: | Lisa Eckl |
| Chairperson: | Roger Pope |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,322,035 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,627,324 |
| Unsecured Loans | 2,053,308 |
| Other Loans | 10,387,545 |
| TOTAL LOANS | 27,068,177 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -139,769 |
| Land And Building | 1,915,903 |
| Other Fixed Assets | 87,946 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 548,590 |
| All Other Assets | 95,188 |
| TOTAL ASSETS | 67,102,617 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 406,667 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 286,201 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,851,423 |
| Regular shares | 22,146,608 |
| All Other Shares & Deposits | 27,070,156 |
| TOTAL SHARES & DEPOSITS | 58,068,187 |
| TOTAL LIABILITIES | 58,761,055 |
| Regular Reserve | 0 |
| Other Reserves | -724,256 |
| Undivided Earnings | 9,065,818 |
| TOTAL EQUITY | 8,341,562 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 67,102,617 |
| INCOME & EXPENSE | |
| Loan Income | 1,500,636 |
| Investment Income | 786,882 |
| Other Income | 178,538 |
| Total Employee Compensation & Benefits | 833,785 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 905,349 |
| Non-operating Income & (Expense) | -36,814 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 47,393 |
| Cost of Funds | 638,108 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 217,861 |
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