Dec, 31, 2023 — INSIGHT CREDIT UNION is a federally insured state chartered credit union headquartered in WINTER SPRINGS, FL with 13 branch locations and about $670.26 million in total assets. Opened 33 years ago in 1991, INSIGHT CREDIT UNION has about 48,476 members and employs 152 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | INSIGHT CREDIT UNION |
|---|---|
| Address: (Main Office) | 270 Winding Hollow Blvd WINTER SPRINGS, FL 32708 |
| Phone: | (407) 659-2811 |
| Fax: | |
| Website: | https://insightcreditunion.com |
| Branches: | 13 branch locations |
| Members: | 48,476 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67344 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1991 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $670,264,152 |
| CEO/Manager: | George R Davis |
| Chairperson: | Mark K Zickefoose |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 75,774,527 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 140,864,404 |
| Unsecured Loans | 30,263,789 |
| Other Loans | 170,405,478 |
| TOTAL LOANS | 341,533,671 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,961,187 |
| Land And Building | 9,094,598 |
| Other Fixed Assets | 997,392 |
| NCUSIF Deposit | 5,984,990 |
| All Other Assets | 20,951 |
| TOTAL ASSETS | 670,264,152 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,508 |
| Notes & Interest Payable | 24,000,000 |
| Accounts Payable & Other Liabilities | 7,666,052 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 200,987,766 |
| Regular shares | 211,904,803 |
| All Other Shares & Deposits | 198,858,202 |
| TOTAL SHARES & DEPOSITS | 611,750,771 |
| TOTAL LIABILITIES | 643,454,695 |
| Regular Reserve | 0 |
| Other Reserves | -32,993,189 |
| Undivided Earnings | 59,802,646 |
| TOTAL EQUITY | 26,809,457 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 670,264,152 |
| INCOME & EXPENSE | |
| Loan Income | 15,634,539 |
| Investment Income | 8,005,447 |
| Other Income | 3,008,101 |
| Total Employee Compensation & Benefits | 11,502,149 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 10,822,746 |
| Non-operating Income & (Expense) | 1,116,264 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,757,985 |
| Cost of Funds | 4,630,003 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,614,921 |
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