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FINANCIAL EDUCATORS FEDERAL CREDIT UNION

Mar, 31, 2021 — FINANCIAL EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in DAYTONA BEACH, FL with 1 branch location and about $21.39 million in total assets. Opened 52 years ago in 1969, FINANCIAL EDUCATORS FEDERAL CREDIT UNION has about 1,845 members and employs 6 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)
P. O. BOX 11197
DAYTONA BEACH, FL 32120-1197
Phone:(386) 506-3040
Fax:(386) 226-0431
Website:http://www.financialedufcu.com
Branches:1 branch locations
Members:1,845
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$21,391,124
CEO/Manager:Russell J Morin
Chairperson:Robert Monroe

Call Report

  • Credit Builder
  • Debt Cancellation/Suspension
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Check Cashing
  • Individual Development Accounts
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,872,615
TOTAL INVESTMENTS 6,786,416
Loans Held for Sale 0
 
 Real Estate Loans 5,389,792
 Unsecured Loans 1,132,780
 Other Loans 4,974,816
 TOTAL LOANS 11,497,388
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -263,025
 Land And Building 84,983
 Other Fixed Assets 22,722
 NCUSIF Deposit 137,565
 All Other Assets 252,460
  TOTAL ASSETS 21,391,124
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 362,281
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,591,767
 Regular shares 6,385,569
 All Other Shares & Deposits 8,074,609
  TOTAL SHARES & DEPOSITS 18,051,945
  TOTAL LIABILITIES 18,414,226
 Regular Reserve 531,206
 Other Reserves 118,748
 Undivided Earnings 2,326,944
  TOTAL EQUITY 2,976,898
  TOTAL LIABILITIES, SHARES, & EQUITY 21,391,124
INCOME & EXPENSE  
 Loan Income 136,875
 Investment Income 30,281
 Other Income 25,935
 Total Employee Compensation & Benefits 69,478
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 87,602
 Non-operating Income & (Expense) -100
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -1,744
 Cost of Funds 9,529
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 32,228
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