Jun, 30, 2021 — OKALOOSA COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in CRESTVIEW, FL with 4 branch locations and about $112.38 million in total assets. Opened 61 years ago in 1960, OKALOOSA COUNTY TEACHERS FEDERAL CREDIT UNION has about 9,533 members and employs 33 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: | 9,533 |
| 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: | $112,380,985 |
| CEO/Manager: | Jerry W Maughon |
| Chairperson: | Gail C Kaltz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,263,102 |
| TOTAL INVESTMENTS | 49,833,177 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,957,328 |
| Unsecured Loans | 6,887,884 |
| Other Loans | 34,727,926 |
| TOTAL LOANS | 47,573,138 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -320,148 |
| Land And Building | 1,274,906 |
| Other Fixed Assets | 108,781 |
| NCUSIF Deposit | 935,542 |
| All Other Assets | 712,487 |
| TOTAL ASSETS | 112,380,985 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 238 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,119,425 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,556,928 |
| Regular shares | 50,501,813 |
| All Other Shares & Deposits | 29,796,102 |
| TOTAL SHARES & DEPOSITS | 101,854,843 |
| TOTAL LIABILITIES | 102,974,506 |
| Regular Reserve | 546,995 |
| Other Reserves | -77,670 |
| Undivided Earnings | 8,937,154 |
| TOTAL EQUITY | 9,406,479 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 112,380,985 |
| INCOME & EXPENSE | |
| Loan Income | 1,379,680 |
| Investment Income | 200,551 |
| Other Income | 295,776 |
| Total Employee Compensation & Benefits | 1,031,826 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 835,058 |
| Non-operating Income & (Expense) | -1 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 46,427 |
| Cost of Funds | 112,759 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 168,942 |
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