Dec, 31, 2023 — CORAL COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in FT LAUDERDALE, FL with 1 branch location and about $42.36 million in total assets. Opened 49 years ago in 1975, CORAL COMMUNITY FEDERAL CREDIT UNION has about 3,935 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CORAL COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1930 NE 47th St Ste 120 FT LAUDERDALE, FL 33308 |
| Phone: | (954) 772-2330 |
| Fax: | (954) 772-5302 |
| Website: | https://www.coralfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,935 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22159 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $42,357,722 |
| CEO/Manager: | Joseph W Pitcher |
| Chairperson: | Donna Simonovitch |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 357,911 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 480,250 |
| Real Estate Loans | 15,080,518 |
| Unsecured Loans | 2,950,388 |
| Other Loans | 7,995,101 |
| TOTAL LOANS | 26,026,008 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -153,565 |
| Land And Building | 0 |
| Other Fixed Assets | 42,592 |
| NCUSIF Deposit | 394,250 |
| All Other Assets | 1,921 |
| TOTAL ASSETS | 42,357,722 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,953 |
| Notes & Interest Payable | 1,540,000 |
| Accounts Payable & Other Liabilities | 626,136 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,438,671 |
| Regular shares | 16,390,354 |
| All Other Shares & Deposits | 14,209,574 |
| TOTAL SHARES & DEPOSITS | 37,038,599 |
| TOTAL LIABILITIES | 39,214,688 |
| Regular Reserve | 0 |
| Other Reserves | 53,423 |
| Undivided Earnings | 3,089,611 |
| TOTAL EQUITY | 3,143,034 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 42,357,722 |
| INCOME & EXPENSE | |
| Loan Income | 1,263,769 |
| Investment Income | 280,702 |
| Other Income | 426,171 |
| Total Employee Compensation & Benefits | 1,002,399 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 809,605 |
| Non-operating Income & (Expense) | -5 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 51,840 |
| Cost of Funds | 270,785 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -12,937 |
| ↑ Back to Top | |