Jun, 30, 2024 — 121 FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in JACKSONVILLE, FL with 8 branch locations and about $677.25 million in total assets. Opened 90 years ago in 1935, 121 FINANCIAL CREDIT UNION has about 48,969 members and employs 144 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | 121 FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 701 Riverside Park Pl JACKSONVILLE, FL 32204-3358 |
| Phone: | (904) 723-6300 |
| Fax: | |
| Website: | https://www.121fcu.org |
| Branches: | 8 branch locations |
| Members: | 48,969 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61605 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $677,250,950 |
| CEO/Manager: | David F Marovich |
| Chairperson: | Shelba Williams |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 98,410,061 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 408,501 |
| Real Estate Loans | 241,833,530 |
| Unsecured Loans | 39,063,822 |
| Other Loans | 156,165,696 |
| TOTAL LOANS | 437,077,496 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,940,239 |
| Land And Building | 18,497,642 |
| Other Fixed Assets | 6,784,789 |
| NCUSIF Deposit | 5,896,686 |
| All Other Assets | 719,439 |
| TOTAL ASSETS | 677,250,950 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,416,357 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 156,453,805 |
| Regular shares | 200,289,964 |
| All Other Shares & Deposits | 265,696,697 |
| TOTAL SHARES & DEPOSITS | 622,440,466 |
| TOTAL LIABILITIES | 629,856,823 |
| Regular Reserve | 0 |
| Other Reserves | -10,100,078 |
| Undivided Earnings | 57,494,205 |
| TOTAL EQUITY | 47,394,127 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 677,250,950 |
| INCOME & EXPENSE | |
| Loan Income | 16,031,380 |
| Investment Income | 1,837,553 |
| Other Income | 2,897,579 |
| Total Employee Compensation & Benefits | 9,503,831 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 10,915,287 |
| Non-operating Income & (Expense) | 1,231,288 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 405,354 |
| Cost of Funds | 1,141,330 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,600,965 |
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