Dec, 31, 2023 — FARMERS FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSONVILLE, FL with 1 branch location and about $20.85 million in total assets. Opened 90 years ago in 1934, FARMERS FEDERAL CREDIT UNION has about 1,198 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FARMERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 6611 DUNN AVE JACKSONVILLE, FL 32218 |
Phone: | (904) 764-4591 |
Fax: | (904) 766-0099 |
Website: | https://farmersfcu.com |
Branches: | 1 branch locations |
Members: | 1,198 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 26 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $20,849,245 |
CEO/Manager: | THERESA L WHITFIELD |
Chairperson: | DAVID B ANDERSON JR |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,133,113 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,331,414 |
Unsecured Loans | 476,608 |
Other Loans | 4,704,489 |
TOTAL LOANS | 6,512,511 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -69,917 |
Land And Building | 129,682 |
Other Fixed Assets | 1,199 |
NCUSIF Deposit | 187,975 |
All Other Assets | 0 |
TOTAL ASSETS | 20,849,245 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 136,947 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,396,068 |
Regular shares | 12,894,868 |
All Other Shares & Deposits | 2,349,741 |
TOTAL SHARES & DEPOSITS | 18,640,678 |
TOTAL LIABILITIES | 18,777,625 |
Regular Reserve | 0 |
Other Reserves | 603,146 |
Undivided Earnings | 1,468,474 |
TOTAL EQUITY | 2,071,620 |
TOTAL LIABILITIES, SHARES, & EQUITY | 20,849,245 |
INCOME & EXPENSE | |
Loan Income | 313,936 |
Investment Income | 259,857 |
Other Income | 135,812 |
Total Employee Compensation & Benefits | 237,453 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 329,012 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,947 |
Cost of Funds | 23,993 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 110,200 |
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» See also Statement of Financial Condition