Dec, 31, 2020 — OKALOOSA COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in CRESTVIEW, FL with 4 branch locations and about $104.07 million in total assets. Opened 61 years ago in 1960, OKALOOSA COUNTY TEACHERS FEDERAL CREDIT UNION has about 9,349 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 |
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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: | 9,349 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13534 |
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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: | $104,071,973 |
CEO/Manager: | Jerry W Maughon |
Chairperson: | Gail C Kaltz |
ASSETS: | $ Amount |
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Cash & Equivalents | 16,304,796 |
TOTAL INVESTMENTS | 36,933,955 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,471,403 |
Unsecured Loans | 7,210,577 |
Other Loans | 34,696,037 |
TOTAL LOANS | 48,378,017 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -400,356 |
Land And Building | 1,289,406 |
Other Fixed Assets | 121,627 |
NCUSIF Deposit | 887,884 |
All Other Assets | 556,644 |
TOTAL ASSETS | 104,071,973 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 270 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,139,760 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 19,640,936 |
Regular shares | 44,233,723 |
All Other Shares & Deposits | 29,814,103 |
TOTAL SHARES & DEPOSITS | 93,688,762 |
TOTAL LIABILITIES | 94,828,792 |
Regular Reserve | 546,996 |
Other Reserves | -72,026 |
Undivided Earnings | 8,768,211 |
TOTAL EQUITY | 9,243,181 |
TOTAL LIABILITIES, SHARES, & EQUITY | 104,071,973 |
INCOME & EXPENSE | |
Loan Income | 2,790,547 |
Investment Income | 627,433 |
Other Income | 1,168,436 |
Total Employee Compensation & Benefits | 2,068,401 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,611,567 |
Non-operating Income & (Expense) | 4,846 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 164,439 |
Cost of Funds | 412,620 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 334,235 |
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