Mar, 31, 2021 — USF FEDERAL CREDIT UNION is a federal credit union headquartered in TAMPA, FL with 6 branch locations and about $899.80 million in total assets. Opened 36 years ago in 1985, USF FEDERAL CREDIT UNION has about 64,640 members and employs 159 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 |
|---|---|
| Address: (Main Office) | 13302 USF PALM DRIVE TAMPA, FL 33612 |
| Phone: | (813) 569-2000 |
| Fax: | (813) 569-2002 |
| Website: | http://www.usffcu.org |
| Branches: | 6 branch locations |
| Members: | 64,640 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24223 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1985 |
| Last Audited: | Mar 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $899,802,707 |
| CEO/Manager: | Richard J Skaggs |
| Chairperson: | Rick Will |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 158,503,041 |
| TOTAL INVESTMENTS | 2,707,200 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 259,258,365 |
| Unsecured Loans | 51,095,658 |
| Other Loans | 352,645,548 |
| TOTAL LOANS | 696,930,328 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,771,031 |
| Land And Building | 15,065,552 |
| Other Fixed Assets | 4,772,173 |
| NCUSIF Deposit | 6,582,948 |
| All Other Assets | 22,012,496 |
| TOTAL ASSETS | 899,802,707 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 19,750,000 |
| Accounts Payable & Other Liabilities | 7,779,360 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 219,913,281 |
| Regular shares | 244,640,422 |
| All Other Shares & Deposits | 323,862,743 |
| TOTAL SHARES & DEPOSITS | 788,416,446 |
| TOTAL LIABILITIES | 815,945,806 |
| Regular Reserve | 3,688,130 |
| Other Reserves | 4,265,480 |
| Undivided Earnings | 75,903,291 |
| TOTAL EQUITY | 83,856,901 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 899,802,707 |
| INCOME & EXPENSE | |
| Loan Income | 7,320,722 |
| Investment Income | 30,239 |
| Other Income | 1,181,557 |
| Total Employee Compensation & Benefits | 3,932,594 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,489,411 |
| Non-operating Income & (Expense) | 9,611 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 202,922 |
| Cost of Funds | 953,475 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,703,902 |
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