Sep, 30, 2025 — WE FLORIDA FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in PEMBROKE PINES, FL with 6 branch locations and about $719.47 million in total assets. Opened 73 years ago in 1953, WE FLORIDA FINANCIAL CREDIT UNION has about 41,036 members and employs 113 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WE FLORIDA FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 9560 Pines Blvd PEMBROKE PINES, FL 33024 |
| Phone: | (954) 515-1512 |
| Fax: | (954) 704-8681 |
| Website: | https://www.wefloridafinancial.com |
| Branches: | 6 branch locations |
| Members: | 41,036 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61525 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $719,471,613 |
| CEO/Manager: | William Spearman |
| Chairperson: | Mary Ann LaRock |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 96,841,046 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 123,485,754 |
| Unsecured Loans | 22,732,584 |
| Other Loans | 317,393,090 |
| TOTAL LOANS | 463,611,428 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,544,082 |
| Land And Building | 8,400,040 |
| Other Fixed Assets | 3,955,289 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 6,315,873 |
| All Other Assets | 2,448,777 |
| TOTAL ASSETS | 719,471,613 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,056,597 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 16,133,000 |
| Share Drafts | 118,506,333 |
| Regular shares | 193,242,938 |
| All Other Shares & Deposits | 334,101,036 |
| TOTAL SHARES & DEPOSITS | 645,850,307 |
| TOTAL LIABILITIES | 670,039,904 |
| Regular Reserve | 0 |
| Other Reserves | 12,040,843 |
| Undivided Earnings | 37,390,866 |
| TOTAL EQUITY | 49,431,709 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 719,471,613 |
| INCOME & EXPENSE | |
| Loan Income | 21,011,777 |
| Investment Income | 4,519,838 |
| Other Income | 3,065,793 |
| Total Employee Compensation & Benefits | 7,992,269 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 9,506,227 |
| Non-operating Income & (Expense) | 6,678 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,849,168 |
| Cost of Funds | 9,356,057 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,212,545 |
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