Sep, 30, 2025 — FINANCIAL EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in DAYTONA BEACH, FL with 2 branch locations and about $22.79 million in total assets. Opened 57 years ago in 1969, FINANCIAL EDUCATORS FEDERAL CREDIT UNION has about 1,402 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FINANCIAL EDUCATORS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1200 W International Speedway Blvd DAYTONA BEACH, FL 32114-2817 |
| Phone: | (386) 506-3040 |
| Fax: | (386) 226-0431 |
| Website: | https://www.financialedufcu.com |
| Branches: | 2 branch locations |
| Members: | 1,402 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19605 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,794,607 |
| CEO/Manager: | Russell J Morin |
| Chairperson: | Robert Monroe |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,192,635 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,622,048 |
| Unsecured Loans | 1,313,915 |
| Other Loans | 3,129,553 |
| TOTAL LOANS | 12,065,516 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -290,156 |
| Land And Building | 29,020 |
| Other Fixed Assets | 15,951 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 179,884 |
| All Other Assets | 0 |
| TOTAL ASSETS | 22,794,607 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 163,815 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,403,383 |
| Regular shares | 6,378,701 |
| All Other Shares & Deposits | 9,340,987 |
| TOTAL SHARES & DEPOSITS | 19,123,071 |
| TOTAL LIABILITIES | 19,286,886 |
| Regular Reserve | 0 |
| Other Reserves | -35,060 |
| Undivided Earnings | 3,542,781 |
| TOTAL EQUITY | 3,507,721 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,794,607 |
| INCOME & EXPENSE | |
| Loan Income | 507,514 |
| Investment Income | 233,202 |
| Other Income | 79,527 |
| Total Employee Compensation & Benefits | 277,208 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 255,149 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,362 |
| Cost of Funds | 142,025 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 163,373 |
| ↑ Back to Top | |