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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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