Dec, 31, 2023 — CENTRAL CREDIT UNION OF FLORIDA is a federally insured state chartered credit union headquartered in PENSACOLA, FL with 8 branch locations and about $301.44 million in total assets. Opened 62 years ago in 1962, CENTRAL CREDIT UNION OF FLORIDA has about 22,607 members and employs 90 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CENTRAL CREDIT UNION OF FLORIDA |
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Address: (Main Office) | 1200 E Nine Mile Rd PENSACOLA, FL 32514-1653 |
Phone: | (850) 474-0970 |
Fax: | (850) 202-4218 |
Website: | https://loyaltycu.org |
Branches: | 8 branch locations |
Members: | 22,607 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62417 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1962 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $301,437,390 |
CEO/Manager: | Elizabeth M Oakes |
Chairperson: | John Coe |
ASSETS: | $ Amount |
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Cash & Equivalents | 18,159,482 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 59,739,081 |
Unsecured Loans | 30,364,150 |
Other Loans | 71,491,725 |
TOTAL LOANS | 161,594,957 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,552,748 |
Land And Building | 10,877,430 |
Other Fixed Assets | 980,229 |
NCUSIF Deposit | 2,592,888 |
All Other Assets | 66,500 |
TOTAL ASSETS | 301,437,390 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,378,543 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 73,124,314 |
Regular shares | 121,235,585 |
All Other Shares & Deposits | 75,979,889 |
TOTAL SHARES & DEPOSITS | 270,339,788 |
TOTAL LIABILITIES | 272,718,331 |
Regular Reserve | 0 |
Other Reserves | 6,473,220 |
Undivided Earnings | 22,245,839 |
TOTAL EQUITY | 28,719,059 |
TOTAL LIABILITIES, SHARES, & EQUITY | 301,437,390 |
INCOME & EXPENSE | |
Loan Income | 11,401,227 |
Investment Income | 4,684,382 |
Other Income | 4,207,809 |
Total Employee Compensation & Benefits | 6,816,970 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,971,626 |
Non-operating Income & (Expense) | -69,965 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,909,069 |
Cost of Funds | 1,671,206 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,889,808 |
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» See also Statement of Financial Condition