Dec, 31, 2023 — FLORIDA A & M UNIVERSITY FEDERAL CREDIT UNION is a federal credit union headquartered in TALLAHASSEE, FL with 1 branch location and about $29.09 million in total assets. Opened 89 years ago in 1935, FLORIDA A & M UNIVERSITY FEDERAL CREDIT UNION has about 3,926 members and employs 13 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 |
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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: | 3,926 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 187 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $29,093,375 |
CEO/Manager: | Michelle R Outlaw |
Chairperson: | Lorenzo Alexander |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,281,794 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,661,545 |
Unsecured Loans | 1,122,864 |
Other Loans | 6,399,387 |
TOTAL LOANS | 11,279,248 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -405,237 |
Land And Building | 886,929 |
Other Fixed Assets | 128,399 |
NCUSIF Deposit | 233,735 |
All Other Assets | 0 |
TOTAL ASSETS | 29,093,375 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 473,330 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,002,064 |
Regular shares | 13,027,406 |
All Other Shares & Deposits | 5,668,690 |
TOTAL SHARES & DEPOSITS | 24,698,161 |
TOTAL LIABILITIES | 25,171,491 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,921,884 |
TOTAL EQUITY | 3,921,884 |
TOTAL LIABILITIES, SHARES, & EQUITY | 29,093,375 |
INCOME & EXPENSE | |
Loan Income | 745,061 |
Investment Income | 634,413 |
Other Income | 243,038 |
Total Employee Compensation & Benefits | 688,958 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,056,744 |
Non-operating Income & (Expense) | -25,225 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 119,949 |
Cost of Funds | 44,057 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 12,916 |
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