Dec, 31, 2023 — FLORIDA WEST COAST CREDIT UNION is a federally insured state chartered credit union headquartered in BRANDON, FL with 5 branch locations and about $127.74 million in total assets. Opened 33 years ago in 1991, FLORIDA WEST COAST CREDIT UNION has about 10,519 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FLORIDA WEST COAST CREDIT UNION |
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Address: (Main Office) | 1225 Millennium Pkwy BRANDON, FL 33511 |
Phone: | (813) 643-5572 |
Fax: | (813) 685-5202 |
Website: | https://www.fwccu.com |
Branches: | 5 branch locations |
Members: | 10,519 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67337 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1991 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $127,736,710 |
CEO/Manager: | JOHN J PURCELL |
Chairperson: | Christopher BOLES |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,056,469 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 9,667,875 |
Unsecured Loans | 6,023,198 |
Other Loans | 47,417,164 |
TOTAL LOANS | 63,108,237 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -483,965 |
Land And Building | 834,865 |
Other Fixed Assets | 663,683 |
NCUSIF Deposit | 1,166,628 |
All Other Assets | 0 |
TOTAL ASSETS | 127,736,710 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,430,064 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 23,821,112 |
Regular shares | 44,700,355 |
All Other Shares & Deposits | 46,330,013 |
TOTAL SHARES & DEPOSITS | 114,851,480 |
TOTAL LIABILITIES | 117,281,544 |
Regular Reserve | 0 |
Other Reserves | -4,564,837 |
Undivided Earnings | 15,020,003 |
TOTAL EQUITY | 10,455,166 |
TOTAL LIABILITIES, SHARES, & EQUITY | 127,736,710 |
INCOME & EXPENSE | |
Loan Income | 3,100,046 |
Investment Income | 1,702,608 |
Other Income | 1,367,045 |
Total Employee Compensation & Benefits | 2,133,782 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,998,120 |
Non-operating Income & (Expense) | -14 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 111,269 |
Cost of Funds | 960,854 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,196,408 |
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