Dec, 31, 2023 — FINANCIAL EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in DAYTONA BEACH, FL with 2 branch locations and about $22.92 million in total assets. Opened 55 years ago in 1969, FINANCIAL EDUCATORS FEDERAL CREDIT UNION has about 1,414 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 |
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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: | 1,414 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19605 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $22,920,961 |
CEO/Manager: | Russell J Morin |
Chairperson: | Robert Monroe |
ASSETS: | $ Amount |
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Cash & Equivalents | 974,588 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,060,743 |
Unsecured Loans | 1,226,942 |
Other Loans | 4,239,121 |
TOTAL LOANS | 12,526,806 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -307,134 |
Land And Building | 50,783 |
Other Fixed Assets | 13,833 |
NCUSIF Deposit | 195,892 |
All Other Assets | 0 |
TOTAL ASSETS | 22,920,961 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 225,672 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,669,439 |
Regular shares | 5,908,398 |
All Other Shares & Deposits | 10,329,311 |
TOTAL SHARES & DEPOSITS | 19,907,149 |
TOTAL LIABILITIES | 20,132,821 |
Regular Reserve | 0 |
Other Reserves | -474,594 |
Undivided Earnings | 3,262,734 |
TOTAL EQUITY | 2,788,140 |
TOTAL LIABILITIES, SHARES, & EQUITY | 22,920,961 |
INCOME & EXPENSE | |
Loan Income | 621,172 |
Investment Income | 198,825 |
Other Income | 106,098 |
Total Employee Compensation & Benefits | 207,460 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 345,693 |
Non-operating Income & (Expense) | 943 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 167,562 |
Cost of Funds | 113,372 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 113,550 |
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