Dec, 31, 2023 — FAIRWINDS CREDIT UNION is a federally insured state chartered credit union headquartered in ORLANDO, FL with 33 branch locations and about $4.42 billion in total assets. Opened 75 years ago in 1949, FAIRWINDS CREDIT UNION has about 227,941 members and employs 583 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FAIRWINDS CREDIT UNION |
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Address: (Main Office) | 135 W Central Blvd ORLANDO, FL 32801 |
Phone: | (407) 277-6030 |
Fax: | (407) 658-6149 |
Website: | https://www.fairwinds.org |
Branches: | 33 branch locations |
Members: | 227,941 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68417 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $4,424,198,635 |
CEO/Manager: | Larry F Tobin |
Chairperson: | Lisa P Snead |
ASSETS: | $ Amount |
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Cash & Equivalents | 27,898,343 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,231,945,742 |
Unsecured Loans | 115,931,201 |
Other Loans | 580,175,977 |
TOTAL LOANS | 2,928,361,543 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,792,451 |
Land And Building | 91,188,574 |
Other Fixed Assets | 18,702,784 |
NCUSIF Deposit | 37,178,820 |
All Other Assets | 165,876 |
TOTAL ASSETS | 4,424,198,635 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 71,410 |
Notes & Interest Payable | 55,000,000 |
Accounts Payable & Other Liabilities | 63,783,798 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,074,740,374 |
Regular shares | 2,061,051,864 |
All Other Shares & Deposits | 871,575,493 |
TOTAL SHARES & DEPOSITS | 4,007,367,732 |
TOTAL LIABILITIES | 4,126,222,940 |
Regular Reserve | 0 |
Other Reserves | -150,665,998 |
Undivided Earnings | 448,641,693 |
TOTAL EQUITY | 297,975,695 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,424,198,635 |
INCOME & EXPENSE | |
Loan Income | 120,805,625 |
Investment Income | 31,702,735 |
Other Income | 18,350,695 |
Total Employee Compensation & Benefits | 63,290,919 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 56,300,456 |
Non-operating Income & (Expense) | -155,497 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 716,515 |
Cost of Funds | 49,034,345 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 45,316,751 |
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» See also Statement of Financial Condition