Sep, 30, 2025 — FLORIDA A & M UNIVERSITY FEDERAL CREDIT UNION is a federal credit union headquartered in TALLAHASSEE, FL with 1 branch location and about $27.35 million in total assets. Opened 91 years ago in 1935, FLORIDA A & M UNIVERSITY FEDERAL CREDIT UNION has about 3,813 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FLORIDA A & M UNIVERSITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1610 S Monroe St TALLAHASSEE, FL 32301-5524 |
| Phone: | (850) 222-4541 |
| Fax: | (850) 222-5401 |
| Website: | https://www.famufcu.com |
| Branches: | 1 branch locations |
| Members: | 3,813 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 187 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,347,620 |
| CEO/Manager: | Sheilah B Montgomery |
| Chairperson: | Lorenzo Alexander |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,769,866 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,551,887 |
| Unsecured Loans | 851,350 |
| Other Loans | 4,908,909 |
| TOTAL LOANS | 10,361,129 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -513,659 |
| Land And Building | 813,583 |
| Other Fixed Assets | 95,627 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 238,598 |
| All Other Assets | 79,469 |
| TOTAL ASSETS | 27,347,620 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 207,594 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,335,325 |
| Regular shares | 13,009,150 |
| All Other Shares & Deposits | 5,240,896 |
| TOTAL SHARES & DEPOSITS | 23,585,375 |
| TOTAL LIABILITIES | 23,792,969 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,554,651 |
| TOTAL EQUITY | 3,554,651 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,347,620 |
| INCOME & EXPENSE | |
| Loan Income | 531,141 |
| Investment Income | 462,364 |
| Other Income | 133,232 |
| Total Employee Compensation & Benefits | 459,014 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 735,304 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 359,236 |
| Cost of Funds | 34,923 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 114,451 |
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