Mar, 31, 2021 — OKALOOSA COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in CRESTVIEW, FL with 4 branch locations and about $111.50 million in total assets. Opened 61 years ago in 1960, OKALOOSA COUNTY TEACHERS FEDERAL CREDIT UNION has about 9,484 members and employs 34 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: | http://okaloosafcu.org |
| Branches: | 4 branch locations |
| Members: | 9,484 |
| 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: | May 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $111,503,187 |
| CEO/Manager: | Jerry W Maughon |
| Chairperson: | Gail C Kaltz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,683,398 |
| TOTAL INVESTMENTS | 44,336,121 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,140,321 |
| Unsecured Loans | 6,928,408 |
| Other Loans | 34,929,250 |
| TOTAL LOANS | 47,997,979 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -344,525 |
| Land And Building | 1,282,155 |
| Other Fixed Assets | 112,112 |
| NCUSIF Deposit | 887,884 |
| All Other Assets | 548,063 |
| TOTAL ASSETS | 111,503,187 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 249 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,101,311 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,510,190 |
| Regular shares | 48,384,707 |
| All Other Shares & Deposits | 30,185,905 |
| TOTAL SHARES & DEPOSITS | 101,080,802 |
| TOTAL LIABILITIES | 102,182,362 |
| Regular Reserve | 546,996 |
| Other Reserves | -79,076 |
| Undivided Earnings | 8,852,905 |
| TOTAL EQUITY | 9,320,825 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 111,503,187 |
| INCOME & EXPENSE | |
| Loan Income | 694,670 |
| Investment Income | 98,701 |
| Other Income | 152,783 |
| Total Employee Compensation & Benefits | 513,395 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 409,161 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 29,949 |
| Cost of Funds | 61,521 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 84,692 |
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