Dec, 31, 2023 — USF FEDERAL CREDIT UNION is a federal credit union headquartered in TEMPLE TERRACE, FL with 9 branch locations and about $1.12 billion in total assets. Opened 39 years ago in 1985, USF FEDERAL CREDIT UNION has about 73,225 members and employs 202 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | USF FEDERAL CREDIT UNION |
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Address: (Main Office) | 13101 Telecom Park Drive, Suite 100 TEMPLE TERRACE, FL 33637 |
Phone: | (813) 569-2000 |
Fax: | |
Website: | https://www.usffcu.com |
Branches: | 9 branch locations |
Members: | 73,225 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24223 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1985 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,120,498,758 |
CEO/Manager: | Richard J Skaggs |
Chairperson: | Richard Will |
ASSETS: | $ Amount |
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Cash & Equivalents | 156,114,670 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 400,535,187 |
Unsecured Loans | 66,884,080 |
Other Loans | 430,763,785 |
TOTAL LOANS | 898,724,148 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,222,339 |
Land And Building | 14,180,675 |
Other Fixed Assets | 4,427,128 |
NCUSIF Deposit | 8,739,990 |
All Other Assets | 418,975 |
TOTAL ASSETS | 1,120,498,758 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 78,750,000 |
Accounts Payable & Other Liabilities | 14,325,456 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 155,679,264 |
Regular shares | 206,688,377 |
All Other Shares & Deposits | 560,691,367 |
TOTAL SHARES & DEPOSITS | 923,059,008 |
TOTAL LIABILITIES | 1,016,195,796 |
Regular Reserve | 0 |
Other Reserves | 4,265,480 |
Undivided Earnings | 100,037,482 |
TOTAL EQUITY | 104,302,962 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,120,498,758 |
INCOME & EXPENSE | |
Loan Income | 49,009,001 |
Investment Income | 4,272,307 |
Other Income | 5,994,128 |
Total Employee Compensation & Benefits | 20,266,027 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 18,025,498 |
Non-operating Income & (Expense) | 763,074 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,246,540 |
Cost of Funds | 13,224,697 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 8,228,453 |
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» See also Statement of Financial Condition