Dec, 31, 2023 — BAPTIST HEALTH SOUTH FLORIDA FEDERAL CREDIT UNION is a federal credit union headquartered in MIAMI, FL with 5 branch locations and about $104.03 million in total assets. Opened 63 years ago in 1961, BAPTIST HEALTH SOUTH FLORIDA FEDERAL CREDIT UNION has about 13,526 members and employs 51 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BAPTIST HEALTH SOUTH FLORIDA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 13200 SW 128th St MIAMI, FL 33186 |
| Phone: | (786) 257-2304 |
| Fax: | (786) 901-7744 |
| Website: | https://www.bhsffcu.org |
| Branches: | 5 branch locations |
| Members: | 13,526 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14391 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $104,028,988 |
| CEO/Manager: | Alex Aspuru |
| Chairperson: | Hugh Gallagher |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,965,039 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,105,812 |
| Unsecured Loans | 17,543,273 |
| Other Loans | 61,988,648 |
| TOTAL LOANS | 84,637,733 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,681,954 |
| Land And Building | 694,715 |
| Other Fixed Assets | 52,755 |
| NCUSIF Deposit | 908,134 |
| All Other Assets | 173,600 |
| TOTAL ASSETS | 104,028,988 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,600,603 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,875,705 |
| Regular shares | 44,078,581 |
| All Other Shares & Deposits | 29,141,977 |
| TOTAL SHARES & DEPOSITS | 89,096,263 |
| TOTAL LIABILITIES | 90,696,866 |
| Regular Reserve | 0 |
| Other Reserves | 140,899 |
| Undivided Earnings | 13,191,223 |
| TOTAL EQUITY | 13,332,122 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 104,028,988 |
| INCOME & EXPENSE | |
| Loan Income | 5,775,142 |
| Investment Income | 325,889 |
| Other Income | 1,778,110 |
| Total Employee Compensation & Benefits | 3,093,181 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,541,461 |
| Non-operating Income & (Expense) | 548,170 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,656,491 |
| Cost of Funds | 644,432 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 409,078 |
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