Dec, 31, 2020 — WALTON COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in DEFUNIAK SPRING, FL with 1 branch location and about $25.12 million in total assets. Opened 60 years ago in 1961, WALTON COUNTY TEACHERS FEDERAL CREDIT UNION has about 3,286 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WALTON COUNTY TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | WALTON COUNTY TEACHERS FCU, 1586 US DEFUNIAK SPRING, FL 32433-1416 |
| Phone: | (850) 892-2024 |
| Fax: | |
| Website: | http://waltoncountyteachersfcu.com |
| Branches: | 1 branch locations |
| Members: | 3,286 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14186 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Mar 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $25,117,186 |
| CEO/Manager: | Tracy Hall |
| Chairperson: | Dawn T Manning |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,609,963 |
| TOTAL INVESTMENTS | 4,330,578 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 300,135 |
| Unsecured Loans | 1,053,576 |
| Other Loans | 7,344,361 |
| TOTAL LOANS | 8,698,072 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -102,906 |
| Land And Building | 253,567 |
| Other Fixed Assets | 95,186 |
| NCUSIF Deposit | 183,842 |
| All Other Assets | 48,884 |
| TOTAL ASSETS | 25,117,186 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 173,336 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,298,084 |
| Regular shares | 12,696,761 |
| All Other Shares & Deposits | 3,296,068 |
| TOTAL SHARES & DEPOSITS | 23,290,913 |
| TOTAL LIABILITIES | 23,464,249 |
| Regular Reserve | 236,921 |
| Other Reserves | -27,784 |
| Undivided Earnings | 1,443,800 |
| TOTAL EQUITY | 1,652,937 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,117,186 |
| INCOME & EXPENSE | |
| Loan Income | 449,763 |
| Investment Income | 101,789 |
| Other Income | 420,674 |
| Total Employee Compensation & Benefits | 411,192 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 559,330 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 24,921 |
| Cost of Funds | 33,223 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -56,440 |
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