Dec, 31, 2023 — WALTON COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in DEFUNIAK SPRINGS, FL with 1 branch location and about $25.73 million in total assets. Opened 63 years ago in 1961, WALTON COUNTY TEACHERS FEDERAL CREDIT UNION has about 2,723 members and employs 7 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 DEFUNIAK SPRINGS, FL 32433-1416 |
| Phone: | (850) 892-2024 |
| Fax: | |
| Website: | https://waltoncountyteachersfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,723 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $25,727,818 |
| CEO/Manager: | Tracy Hall |
| Chairperson: | Dawn T Manning |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,210,044 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 973,936 |
| Unsecured Loans | 1,109,824 |
| Other Loans | 12,531,425 |
| TOTAL LOANS | 14,615,185 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -174,951 |
| Land And Building | 233,113 |
| Other Fixed Assets | 119,700 |
| NCUSIF Deposit | 247,727 |
| All Other Assets | 0 |
| TOTAL ASSETS | 25,727,818 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 428,677 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,587,081 |
| Regular shares | 13,772,691 |
| All Other Shares & Deposits | 1,766,400 |
| TOTAL SHARES & DEPOSITS | 23,126,172 |
| TOTAL LIABILITIES | 23,554,850 |
| Regular Reserve | 0 |
| Other Reserves | -20,385 |
| Undivided Earnings | 2,193,353 |
| TOTAL EQUITY | 2,172,968 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,727,818 |
| INCOME & EXPENSE | |
| Loan Income | 591,803 |
| Investment Income | 326,914 |
| Other Income | 56,215 |
| Total Employee Compensation & Benefits | 405,804 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 673,124 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 66,961 |
| Cost of Funds | 67,154 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 281,061 |
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