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SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION

Dec, 31, 2020 — SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in MIAMI, FL with 7 branch locations and about $1.45 billion in total assets. Opened 86 years ago in 1935, SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION has about 87,750 members and employs 275 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 267077821
Name:SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION
Address:
(Main Office)
7800 SW 117TH AVE
MIAMI, FL 33183-3825
Phone:(305) 270-5200
Fax:
Website:http://www.sfefcu.org
Branches:7 branch locations
Members:87,750
Credit Union Type:Federal Credit Union
Charter Number:176
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1935
Last Audited:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,445,114,918
CEO/Manager:Michael DiBenedetto
Chairperson:Enrique Horstmann

Call Report

  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Health Savings Accounts
  • In-School Branches
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 160,113,040
TOTAL INVESTMENTS 781,543,707
Loans Held for Sale 432,250
 
 Real Estate Loans 221,802,729
 Unsecured Loans 64,962,121
 Other Loans 144,397,597
 TOTAL LOANS 431,162,447
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,663,121
 Land And Building 24,132,065
 Other Fixed Assets 670,296
 NCUSIF Deposit 10,496,338
 All Other Assets 38,227,896
  TOTAL ASSETS 1,445,114,918
LIABILITIES & CAPITAL:  
 Dividends Payable 187,659
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 14,011,094
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 283,346,172
 Regular shares 746,344,159
 All Other Shares & Deposits 156,227,084
  TOTAL SHARES & DEPOSITS 1,185,917,415
  TOTAL LIABILITIES 1,200,116,168
 Regular Reserve 170,000,000
 Other Reserves 13,791,298
 Undivided Earnings 61,207,452
  TOTAL EQUITY 244,998,750
  TOTAL LIABILITIES, SHARES, & EQUITY 1,445,114,918
INCOME & EXPENSE  
 Loan Income 18,975,054
 Investment Income 13,301,719
 Other Income 12,488,409
 Total Employee Compensation & Benefits 20,193,334
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 15,412,108
 Non-operating Income & (Expense) -4,255
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,443,909
 Cost of Funds 2,697,995
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 5,013,581
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