Dec, 31, 2023 — ALLIANCE CREDIT UNION OF FLORIDA is a federally insured state chartered credit union headquartered in GAINESVILLE, FL with 2 branch locations and about $62.75 million in total assets. Opened 33 years ago in 1991, ALLIANCE CREDIT UNION OF FLORIDA has about 5,838 members and employs 16 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 |
|---|---|
| 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: | 5,838 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67432 |
|---|---|
| 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: | $62,747,492 |
| CEO/Manager: | Timothy Cannon |
| Chairperson: | Alisha G Curtis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 966,615 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,524,404 |
| Unsecured Loans | 2,050,862 |
| Other Loans | 34,653,429 |
| TOTAL LOANS | 49,228,695 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -728,939 |
| Land And Building | 1,216,341 |
| Other Fixed Assets | 71,931 |
| NCUSIF Deposit | 606,059 |
| All Other Assets | 0 |
| TOTAL ASSETS | 62,747,492 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 937,608 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,603,001 |
| Regular shares | 30,221,178 |
| All Other Shares & Deposits | 14,388,486 |
| TOTAL SHARES & DEPOSITS | 59,212,665 |
| TOTAL LIABILITIES | 60,150,273 |
| Regular Reserve | 0 |
| Other Reserves | -1,529,329 |
| Undivided Earnings | 4,126,548 |
| TOTAL EQUITY | 2,597,219 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 62,747,492 |
| INCOME & EXPENSE | |
| Loan Income | 3,264,470 |
| Investment Income | 203,503 |
| Other Income | 645,414 |
| Total Employee Compensation & Benefits | 1,437,304 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,138,934 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 655,881 |
| Cost of Funds | 221,176 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -67,610 |
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