Dec, 31, 2023 — TAMPA BAY FEDERAL CREDIT UNION is a federal credit union headquartered in TAMPA, FL with 5 branch locations and about $434.30 million in total assets. Opened 89 years ago in 1935, TAMPA BAY FEDERAL CREDIT UNION has about 35,154 members and employs 99 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TAMPA BAY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3815 N Nebraska Ave TAMPA, FL 33603 |
| Phone: | (813) 247-4414 |
| Fax: | (813) 247-2373 |
| Website: | https://www.tampabayfederal.com |
| Branches: | 5 branch locations |
| Members: | 35,154 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 352 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $434,295,002 |
| CEO/Manager: | Richard Grammatica |
| Chairperson: | Terry Jones |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 25,396,890 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 124,565,826 |
| Unsecured Loans | 20,268,322 |
| Other Loans | 227,352,661 |
| TOTAL LOANS | 372,186,810 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,033,411 |
| Land And Building | 5,017,650 |
| Other Fixed Assets | 2,153,423 |
| NCUSIF Deposit | 3,436,029 |
| All Other Assets | 247,087 |
| TOTAL ASSETS | 434,295,002 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 20,744,104 |
| Accounts Payable & Other Liabilities | 2,396,267 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 108,897,878 |
| Regular shares | 112,075,820 |
| All Other Shares & Deposits | 144,215,603 |
| TOTAL SHARES & DEPOSITS | 365,189,303 |
| TOTAL LIABILITIES | 388,329,674 |
| Regular Reserve | 0 |
| Other Reserves | 5,431,182 |
| Undivided Earnings | 40,534,146 |
| TOTAL EQUITY | 45,965,328 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 434,295,002 |
| INCOME & EXPENSE | |
| Loan Income | 19,221,043 |
| Investment Income | 1,402,377 |
| Other Income | 2,740,168 |
| Total Employee Compensation & Benefits | 7,202,771 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,547,528 |
| Non-operating Income & (Expense) | 181,580 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,350,000 |
| Cost of Funds | 3,513,555 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,607,106 |
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