Credit Unions Near Me
National Credit Union Service Organization

FLORIDA RURAL ELECTRIC CREDIT UNION

Jun, 30, 2021 — FLORIDA RURAL ELECTRIC CREDIT UNION is a federally insured state chartered credit union headquartered in TALLAHASSEE, FL with 2 branch locations and about $30.39 million in total assets. Opened 30 years ago in 1991, FLORIDA RURAL ELECTRIC CREDIT UNION has about 3,211 members and employs 6 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:http://www.frecu.org
Branches:2 branch locations
Members:3,211
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$30,388,914
CEO/Manager:Paula Tuten
Chairperson:JOHN BARTLEY

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,648,618
TOTAL INVESTMENTS 4,715,123
Loans Held for Sale 0
 
 Real Estate Loans 133,455
 Unsecured Loans 3,033,287
 Other Loans 15,335,798
 TOTAL LOANS 18,554,989
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -59,123
 Land And Building 0
 Other Fixed Assets 102,926
 NCUSIF Deposit 261,146
 All Other Assets 165,235
  TOTAL ASSETS 30,388,914
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 51,789
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,260,882
 Regular shares 14,979,991
 All Other Shares & Deposits 4,177,269
  TOTAL SHARES & DEPOSITS 24,418,142
  TOTAL LIABILITIES 24,469,931
 Regular Reserve 505,876
 Other Reserves 1,511,691
 Undivided Earnings 3,901,416
  TOTAL EQUITY 5,918,983
  TOTAL LIABILITIES, SHARES, & EQUITY 30,388,914
INCOME & EXPENSE  
 Loan Income 462,441
 Investment Income 52,576
 Other Income 54,524
 Total Employee Compensation & Benefits 265,304
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 337,526
 Non-operating Income & (Expense) -2,944
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,000
 Cost of Funds 34,100
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -40,489
↑ Back to Top

Other Credit Unions

TALLAHASSEE COMMUNITY FEDERAL CREDIT UNION
P O BOX 1366
TALLAHASSEE, FL 32302
MADISON EDUCATION ASSOC. CREDIT UNION
P O Box 449
MADISON, FL 32341
FLORIDA A & M UNIVERSITY FEDERAL CREDIT UNION
1610 S Monroe St
TALLAHASSEE, FL 32301-5524
JEFFERSON COUNTY TEACHERS CREDIT UNION
1500 W Washington St
MONTICELLO, FL 32344-1134
JACKSON COUNTY TEACHERS CREDIT UNION
PO BOX 954
MARIANNA, FL 32447
T M H FEDERAL CREDIT UNION
345 S MAGNOLIA DR
TALLAHASSEE, FL 32301
FL. DEPT. OF TRANSPORTATION` CREDIT UNION
640 E GAINES ST
TALLAHASSEE, FL 32301-2400
TALLAHASSEE-LEON FEDERAL CREDIT UNION
1827 CAPITAL CIRCLE NE
TALLAHASSEE, FL 32308
FLAG CREDIT UNION
3115 Conner Blvd
TALLAHASSEE, FL 32311
CALHOUN-LIBERTY EMPLOYEES CREDIT UNION
17394 NW CHARLIE JOHNS ST
BLOUNTSTOWN, FL 32424