Dec, 31, 2021 — USF FEDERAL CREDIT UNION is a federal credit union headquartered in TAMPA, FL with 7 branch locations and about $1.03 billion in total assets. Opened 37 years ago in 1985, USF FEDERAL CREDIT UNION has about 68,160 members and employs 172 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) | 13302 Usf Palm Dr TAMPA, FL 33612-9600 |
Phone: | (813) 569-2000 |
Fax: | (813) 569-2002 |
Website: | http://www.usffcu.org |
Branches: | 7 branch locations |
Members: | 68,160 |
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, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,028,668,495 |
CEO/Manager: | Richard J Skaggs |
Chairperson: | Rick Will |
ASSETS: | $ Amount |
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Cash & Equivalents | 132,775,276 |
TOTAL INVESTMENTS | 3,111,500 |
Loans Held for Sale | 0 |
Real Estate Loans | 287,418,367 |
Unsecured Loans | 54,206,064 |
Other Loans | 427,272,786 |
TOTAL LOANS | 842,879,995 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,174,353 |
Land And Building | 14,878,703 |
Other Fixed Assets | 4,438,967 |
NCUSIF Deposit | 7,673,181 |
All Other Assets | 30,085,226 |
TOTAL ASSETS | 1,028,668,495 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 43,750,000 |
Accounts Payable & Other Liabilities | 7,754,268 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 249,223,926 |
Regular shares | 256,677,960 |
All Other Shares & Deposits | 381,881,697 |
TOTAL SHARES & DEPOSITS | 887,783,583 |
TOTAL LIABILITIES | 939,287,851 |
Regular Reserve | 3,688,130 |
Other Reserves | 4,265,480 |
Undivided Earnings | 81,427,034 |
TOTAL EQUITY | 89,380,644 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,028,668,495 |
INCOME & EXPENSE | |
Loan Income | 32,287,622 |
Investment Income | 129,130 |
Other Income | 5,359,535 |
Total Employee Compensation & Benefits | 17,204,010 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 14,724,324 |
Non-operating Income & (Expense) | 310,328 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,561,665 |
Cost of Funds | 3,793,250 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 7,227,647 |
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