Dec, 31, 2023 — FLORIDA STATE UNIVERSITY CREDIT UNION is a federally insured state chartered credit union headquartered in TALLAHASSEE, FL with 10 branch locations and about $466.90 million in total assets. Opened 33 years ago in 1991, FLORIDA STATE UNIVERSITY CREDIT UNION has about 34,056 members and employs 100 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 STATE UNIVERSITY CREDIT UNION |
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Address: (Main Office) | 2520 N Monroe St TALLAHASSEE, FL 32303-4052 |
Phone: | (850) 224-4960 |
Fax: | |
Website: | https://www.fsucu.org |
Branches: | 10 branch locations |
Members: | 34,056 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67874 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1991 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $466,904,354 |
CEO/Manager: | Charles E Adcock |
Chairperson: | Stacy Sirmans |
ASSETS: | $ Amount |
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Cash & Equivalents | 35,631,188 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 114,899,750 |
Unsecured Loans | 28,636,650 |
Other Loans | 214,675,810 |
TOTAL LOANS | 358,234,073 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,734,206 |
Land And Building | 16,963,504 |
Other Fixed Assets | 615,956 |
NCUSIF Deposit | 3,907,842 |
All Other Assets | 270,350 |
TOTAL ASSETS | 466,904,354 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 42,693 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,776,850 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 74,121,350 |
Regular shares | 157,971,122 |
All Other Shares & Deposits | 185,243,637 |
TOTAL SHARES & DEPOSITS | 417,336,110 |
TOTAL LIABILITIES | 422,177,329 |
Regular Reserve | 0 |
Other Reserves | 11,088,020 |
Undivided Earnings | 33,639,005 |
TOTAL EQUITY | 44,727,025 |
TOTAL LIABILITIES, SHARES, & EQUITY | 466,904,354 |
INCOME & EXPENSE | |
Loan Income | 17,444,003 |
Investment Income | 1,384,114 |
Other Income | 2,926,136 |
Total Employee Compensation & Benefits | 8,260,527 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,781,494 |
Non-operating Income & (Expense) | 358,190 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,326,961 |
Cost of Funds | 5,370,589 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,455,577 |
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