FLORIDA RURAL ELECTRIC CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.frecu.org for more information.
Sep, 30, 2025 — FLORIDA RURAL ELECTRIC CREDIT UNION is a federally insured state chartered credit union headquartered in TALLAHASSEE, FL with 1 branch location and about $28.98 million in total assets. Opened 35 years ago in 1991, FLORIDA RURAL ELECTRIC CREDIT UNION has about 2,959 members and employs 7 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 RURAL ELECTRIC CREDIT UNION |
|---|---|
| Address: (Main Office) | P.O. BOX 1697 TALLAHASSEE, FL 32302-1697 |
| Phone: | (850) 877-6168 |
| Fax: | (850) 671-6627 |
| Website: | https://www.frecu.org |
| Branches: | 1 branch locations |
| Members: | 2,959 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67561 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1991 |
| Last Audited: | Apr 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $28,983,884 |
| CEO/Manager: | Paula Tuten |
| Chairperson: | JOHN BARTLEY |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,064,074 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 95,232 |
| Unsecured Loans | 1,652,963 |
| Other Loans | 18,694,805 |
| TOTAL LOANS | 20,443,000 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -59,303 |
| Land And Building | 0 |
| Other Fixed Assets | 60,785 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 234,495 |
| All Other Assets | 0 |
| TOTAL ASSETS | 28,983,884 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 78,170 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,037,693 |
| Regular shares | 14,362,550 |
| All Other Shares & Deposits | 3,844,904 |
| TOTAL SHARES & DEPOSITS | 23,245,147 |
| TOTAL LIABILITIES | 23,323,317 |
| Regular Reserve | 0 |
| Other Reserves | -294,936 |
| Undivided Earnings | 5,955,503 |
| TOTAL EQUITY | 5,660,567 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,983,884 |
| INCOME & EXPENSE | |
| Loan Income | 713,627 |
| Investment Income | 66,535 |
| Other Income | 77,641 |
| Total Employee Compensation & Benefits | 340,969 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 473,848 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 77,889 |
| Cost of Funds | 38,656 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -13,313 |
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