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FLORENCE FEDERAL CREDIT UNION

Mar, 31, 2022 — FLORENCE FEDERAL CREDIT UNION is a federal credit union headquartered in FLORENCE, AL with 3 branch locations and about $68.52 million in total assets. Opened 63 years ago in 1959, FLORENCE FEDERAL CREDIT UNION has about 3,767 members and employs 18 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:http://ffcuonline.com
Branches:3 branch locations
Members:3,767
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$68,518,531
CEO/Manager:Lisa Eckl
Chairperson:Terrye Howell

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,282,214
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 15,709,772
 Unsecured Loans 2,005,694
 Other Loans 10,287,925
 TOTAL LOANS 28,003,391
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -136,048
 Land And Building 1,494,493
 Other Fixed Assets 120,562
 NCUSIF Deposit 526,936
 All Other Assets 0
  TOTAL ASSETS 68,518,531
LIABILITIES & CAPITAL:  
 Dividends Payable 60,401
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,176,613
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,219,115
 Regular shares 24,876,555
 All Other Shares & Deposits 25,981,221
  TOTAL SHARES & DEPOSITS 60,076,891
  TOTAL LIABILITIES 61,313,905
 Regular Reserve 0
 Other Reserves 279,550
 Undivided Earnings 6,925,076
  TOTAL EQUITY 7,204,626
  TOTAL LIABILITIES, SHARES, & EQUITY 68,518,531
INCOME & EXPENSE  
 Loan Income 407,016
 Investment Income 146,248
 Other Income 56,520
 Total Employee Compensation & Benefits 195,512
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 207,371
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 89,059
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 183,311
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