Mar, 31, 2022 — USF FEDERAL CREDIT UNION is a federal credit union headquartered in TAMPA, FL with 8 branch locations and about $1.04 billion in total assets. Opened 37 years ago in 1985, USF FEDERAL CREDIT UNION has about 69,619 members and employs 176 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 Dr TAMPA, FL 33612 |
| Phone: | (813) 569-2000 |
| Fax: | (813) 569-2002 |
| Website: | http://www.usffcu.com |
| Branches: | 8 branch locations |
| Members: | 69,619 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,040,283,268 |
| CEO/Manager: | Richard J Skaggs |
| Chairperson: | Rick Will |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 109,300,477 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 366,335,610 |
| Unsecured Loans | 54,796,333 |
| Other Loans | 455,918,643 |
| TOTAL LOANS | 877,050,586 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,268,801 |
| Land And Building | 14,871,414 |
| Other Fixed Assets | 4,630,891 |
| NCUSIF Deposit | 7,673,181 |
| All Other Assets | 378,858 |
| TOTAL ASSETS | 1,040,283,268 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 28,750,000 |
| Accounts Payable & Other Liabilities | 10,522,346 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 247,557,334 |
| Regular shares | 274,066,311 |
| All Other Shares & Deposits | 388,684,683 |
| TOTAL SHARES & DEPOSITS | 910,308,328 |
| TOTAL LIABILITIES | 949,580,674 |
| Regular Reserve | 0 |
| Other Reserves | 4,265,480 |
| Undivided Earnings | 86,437,114 |
| TOTAL EQUITY | 90,702,594 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,040,283,268 |
| INCOME & EXPENSE | |
| Loan Income | 8,358,781 |
| Investment Income | 24,226 |
| Other Income | 1,531,993 |
| Total Employee Compensation & Benefits | 4,316,578 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,740,795 |
| Non-operating Income & (Expense) | 2,900 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 625,745 |
| Cost of Funds | 960,823 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,321,950 |
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