Dec, 31, 2023 — FIRST FLORIDA CREDIT UNION is a federally insured state chartered credit union headquartered in JACKSONVILLE, FL with 19 branch locations and about $1.36 billion in total assets. Opened 74 years ago in 1950, FIRST FLORIDA CREDIT UNION has about 62,169 members and employs 216 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FIRST FLORIDA CREDIT UNION |
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Address: (Main Office) | 500 W 1st St JACKSONVILLE, FL 32202-3939 |
Phone: | (904) 359-6800 |
Fax: | (904) 359-6211 |
Website: | https://www.firstflorida.org |
Branches: | 19 branch locations |
Members: | 62,169 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61170 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,362,026,410 |
CEO/Manager: | Brent E Lister |
Chairperson: | Dean Willis |
ASSETS: | $ Amount |
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Cash & Equivalents | 73,111,552 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 159,856 |
Real Estate Loans | 361,525,008 |
Unsecured Loans | 114,699,018 |
Other Loans | 386,850,185 |
TOTAL LOANS | 888,130,529 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,874,775 |
Land And Building | 28,126,504 |
Other Fixed Assets | 1,710,164 |
NCUSIF Deposit | 9,646,335 |
All Other Assets | 262,054 |
TOTAL ASSETS | 1,362,026,410 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 150,000,000 |
Accounts Payable & Other Liabilities | 13,662,431 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 229,161,323 |
Regular shares | 368,194,815 |
All Other Shares & Deposits | 467,460,150 |
TOTAL SHARES & DEPOSITS | 1,064,816,287 |
TOTAL LIABILITIES | 1,228,478,718 |
Regular Reserve | 0 |
Other Reserves | 14,993,335 |
Undivided Earnings | 118,554,357 |
TOTAL EQUITY | 133,547,692 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,362,026,410 |
INCOME & EXPENSE | |
Loan Income | 41,280,587 |
Investment Income | 9,871,557 |
Other Income | 6,126,734 |
Total Employee Compensation & Benefits | 19,696,468 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 17,276,916 |
Non-operating Income & (Expense) | 1,410,789 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,620,342 |
Cost of Funds | 13,992,153 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 7,375,481 |
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