Sep, 30, 2025 — FIRST COMMERCE CREDIT UNION is a federally insured state chartered credit union headquartered in TALLAHASSEE, FL with 14 branch locations and about $1.15 billion in total assets. Opened 86 years ago in 1940, FIRST COMMERCE CREDIT UNION has about 71,850 members and employs 206 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST COMMERCE CREDIT UNION |
|---|---|
| Address: (Main Office) | 2073 Summit Lake Dr Ste 100 TALLAHASSEE, FL 32317 |
| Phone: | (850) 488-0035 |
| Fax: | (850) 921-2061 |
| Website: | https://www.firstcommercecu.org |
| Branches: | 14 branch locations |
| Members: | 71,850 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68301 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,149,967,833 |
| CEO/Manager: | Cecilia Homison |
| Chairperson: | Alan Neubauer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 72,313,611 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 540,000 |
| Real Estate Loans | 408,350,632 |
| Unsecured Loans | 20,652,977 |
| Other Loans | 460,499,990 |
| TOTAL LOANS | 889,503,599 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,235,404 |
| Land And Building | 37,118,212 |
| Other Fixed Assets | 4,858,972 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 8,628,991 |
| All Other Assets | 421,563 |
| TOTAL ASSETS | 1,149,967,833 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 28,352 |
| Notes & Interest Payable | 40,000,000 |
| Accounts Payable & Other Liabilities | 16,432,642 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 15,000,000 |
| Share Drafts | 258,832,567 |
| Regular shares | 199,606,975 |
| All Other Shares & Deposits | 528,265,023 |
| TOTAL SHARES & DEPOSITS | 986,704,567 |
| TOTAL LIABILITIES | 1,058,181,787 |
| Regular Reserve | 0 |
| Other Reserves | -12,762,283 |
| Undivided Earnings | 104,548,329 |
| TOTAL EQUITY | 91,786,046 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,149,967,833 |
| INCOME & EXPENSE | |
| Loan Income | 39,452,856 |
| Investment Income | 3,585,031 |
| Other Income | 4,959,894 |
| Total Employee Compensation & Benefits | 13,939,594 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 16,568,811 |
| Non-operating Income & (Expense) | 177,866 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,741,487 |
| Cost of Funds | 15,499,609 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,498,493 |
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