Sep, 30, 2025 — OKALOOSA COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in CRESTVIEW, FL with 5 branch locations and about $130.63 million in total assets. Opened 66 years ago in 1960, OKALOOSA COUNTY TEACHERS FEDERAL CREDIT UNION has about 9,775 members and employs 39 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OKALOOSA COUNTY TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1126 N Ferdon Blvd CRESTVIEW, FL 32536-1710 |
| Phone: | (850) 682-2225 |
| Fax: | (850) 682-7722 |
| Website: | https://www.okaloosafcu.org |
| Branches: | 5 branch locations |
| Members: | 9,775 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13534 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $130,629,066 |
| CEO/Manager: | Jerry W Maughon |
| Chairperson: | Gail C Kaltz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,142,832 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,626,194 |
| Unsecured Loans | 8,014,762 |
| Other Loans | 43,787,739 |
| TOTAL LOANS | 56,428,696 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -608,515 |
| Land And Building | 1,244,206 |
| Other Fixed Assets | 247,900 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,135,435 |
| All Other Assets | 0 |
| TOTAL ASSETS | 130,629,066 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 15,229 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,227,812 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,328,162 |
| Regular shares | 46,704,082 |
| All Other Shares & Deposits | 47,873,481 |
| TOTAL SHARES & DEPOSITS | 116,905,726 |
| TOTAL LIABILITIES | 118,148,767 |
| Regular Reserve | 0 |
| Other Reserves | 538,351 |
| Undivided Earnings | 11,941,948 |
| TOTAL EQUITY | 12,480,299 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 130,629,066 |
| INCOME & EXPENSE | |
| Loan Income | 3,327,867 |
| Investment Income | 1,476,439 |
| Other Income | 540,228 |
| Total Employee Compensation & Benefits | 1,859,153 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,935,849 |
| Non-operating Income & (Expense) | -24,246 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 353,419 |
| Cost of Funds | 1,210,635 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 445,795 |
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