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SOUTH ATLANTIC FEDERAL CREDIT UNION

Mar, 31, 2021 — SOUTH ATLANTIC FEDERAL CREDIT UNION is a federal credit union headquartered in BOCA RATON, FL with 1 branch location and about $20.27 million in total assets. Opened 48 years ago in 1973, SOUTH ATLANTIC FEDERAL CREDIT UNION has about 2,574 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 267077601
Name:SOUTH ATLANTIC FEDERAL CREDIT UNION
Address:
(Main Office)
1 W CAMINO REAL STE 110
BOCA RATON, FL 33432-5966
Phone:(561) 394-7097
Fax:(561) 394-3307
Website:http://www.safcu1.org
Branches:1 branch locations
Members:2,574
Credit Union Type:Federal Credit Union
Charter Number:21202
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1973
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$20,268,879
CEO/Manager:PAMELA ROWER
Chairperson:ERIN FRANCISCO

Call Report

  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,326,616
TOTAL INVESTMENTS 11,122,375
Loans Held for Sale 0
 
 Real Estate Loans 1,763,168
 Unsecured Loans 1,025,390
 Other Loans 3,881,770
 TOTAL LOANS 6,670,328
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -165,733
 Land And Building 0
 Other Fixed Assets 11,955
 NCUSIF Deposit 144,195
 All Other Assets 159,143
  TOTAL ASSETS 20,268,879
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 51,925
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,490,730
 Regular shares 11,009,685
 All Other Shares & Deposits 4,215,195
  TOTAL SHARES & DEPOSITS 18,715,610
  TOTAL LIABILITIES 18,767,535
 Regular Reserve 325,518
 Other Reserves 0
 Undivided Earnings 1,175,826
  TOTAL EQUITY 1,501,344
  TOTAL LIABILITIES, SHARES, & EQUITY 20,268,879
INCOME & EXPENSE  
 Loan Income 81,570
 Investment Income 45,987
 Other Income 13,931
 Total Employee Compensation & Benefits 85,278
 NCUSIF Premiums Expense 1,088
 Total Other Operating Expenses 61,465
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,779
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,178
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