Jun, 30, 2024 — ALLIANCE CREDIT UNION OF FLORIDA is a federally insured state chartered credit union headquartered in GAINESVILLE, FL with 2 branch locations and about $64.72 million in total assets. Opened 34 years ago in 1991, ALLIANCE CREDIT UNION OF FLORIDA has about 5,721 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ALLIANCE CREDIT UNION OF FLORIDA |
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Address: (Main Office) | 412 E University Ave GAINESVILLE, FL 32601 |
Phone: | (352) 372-8225 |
Fax: | (352) 377-7437 |
Website: | https://www.alliancecufl.org |
Branches: | 2 branch locations |
Members: | 5,721 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67432 |
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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: | $64,723,343 |
CEO/Manager: | Timothy Cannon |
Chairperson: | Alan R Morrow |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,170,915 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,375,727 |
Unsecured Loans | 2,777,425 |
Other Loans | 32,478,751 |
TOTAL LOANS | 45,631,903 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -289,419 |
Land And Building | 1,331,654 |
Other Fixed Assets | 33,961 |
NCUSIF Deposit | 566,407 |
All Other Assets | 0 |
TOTAL ASSETS | 64,723,343 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,157,490 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 14,695,472 |
Regular shares | 34,209,899 |
All Other Shares & Deposits | 12,287,286 |
TOTAL SHARES & DEPOSITS | 61,192,657 |
TOTAL LIABILITIES | 62,350,147 |
Regular Reserve | 0 |
Other Reserves | -1,712,534 |
Undivided Earnings | 4,085,730 |
TOTAL EQUITY | 2,373,196 |
TOTAL LIABILITIES, SHARES, & EQUITY | 64,723,343 |
INCOME & EXPENSE | |
Loan Income | 1,733,764 |
Investment Income | 165,774 |
Other Income | 474,212 |
Total Employee Compensation & Benefits | 969,881 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,307,252 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 240,668 |
Cost of Funds | 23,008 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 49,476 |
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