Dec, 31, 2022 — FLORIDA WEST COAST CREDIT UNION is a federally insured state chartered credit union headquartered in BRANDON, FL with 5 branch locations and about $127.62 million in total assets. Opened 32 years ago in 1991, FLORIDA WEST COAST CREDIT UNION has about 10,299 members and employs 25 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 |
|---|---|
| Address: (Main Office) | 1225 Millennium Pkwy BRANDON, FL 33511 |
| Phone: | (813) 643-5572 |
| Fax: | (813) 685-5202 |
| Website: | www.fwccu.com |
| Branches: | 5 branch locations |
| Members: | 10,299 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67337 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1991 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $127,624,123 |
| CEO/Manager: | MARY O WOOD |
| Chairperson: | Christopher BOLES |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,577,016 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,005,114 |
| Unsecured Loans | 5,260,689 |
| Other Loans | 45,336,814 |
| TOTAL LOANS | 57,602,617 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -505,924 |
| Land And Building | 855,554 |
| Other Fixed Assets | 700,616 |
| NCUSIF Deposit | 1,154,151 |
| All Other Assets | 0 |
| TOTAL ASSETS | 127,624,123 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,294,626 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,161,009 |
| Regular shares | 50,507,537 |
| All Other Shares & Deposits | 43,737,547 |
| TOTAL SHARES & DEPOSITS | 117,406,093 |
| TOTAL LIABILITIES | 119,700,719 |
| Regular Reserve | 0 |
| Other Reserves | -5,532,352 |
| Undivided Earnings | 13,455,756 |
| TOTAL EQUITY | 7,923,404 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 127,624,123 |
| INCOME & EXPENSE | |
| Loan Income | 1,721,617 |
| Investment Income | 739,521 |
| Other Income | 769,887 |
| Total Employee Compensation & Benefits | 1,104,309 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,340,178 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 24,621 |
| Cost of Funds | 142,810 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 710,228 |
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