Sep, 30, 2025 — ITHINK FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in DELRAY BEACH, FL with 21 branch locations and about $2.28 billion in total assets. Opened 57 years ago in 1969, ITHINK FINANCIAL CREDIT UNION has about 116,143 members and employs 396 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ITHINK FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1000 NW 17th Ave DELRAY BEACH, FL 33445-2555 |
| Phone: | (561) 982-4700 |
| Fax: | |
| Website: | https://www.ithinkfi.org |
| Branches: | 21 branch locations |
| Members: | 116,143 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68663 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,280,401,479 |
| CEO/Manager: | Michael L Miller |
| Chairperson: | Michael W Townsend |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 194,483,139 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 401,750 |
| Real Estate Loans | 1,347,355,531 |
| Unsecured Loans | 96,517,848 |
| Other Loans | 354,598,228 |
| TOTAL LOANS | 1,798,933,976 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,301,293 |
| Land And Building | 17,655,502 |
| Other Fixed Assets | 5,582,697 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 16,331,317 |
| All Other Assets | 737,842 |
| TOTAL ASSETS | 2,280,401,479 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,619,105 |
| Notes & Interest Payable | 160,000,000 |
| Accounts Payable & Other Liabilities | 32,764,220 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 20,000,000 |
| Share Drafts | 430,465,052 |
| Regular shares | 356,286,900 |
| All Other Shares & Deposits | 1,076,996,967 |
| TOTAL SHARES & DEPOSITS | 1,863,748,918 |
| TOTAL LIABILITIES | 2,078,540,303 |
| Regular Reserve | 0 |
| Other Reserves | -15,604,343 |
| Undivided Earnings | 217,465,519 |
| TOTAL EQUITY | 201,861,176 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,280,401,479 |
| INCOME & EXPENSE | |
| Loan Income | 76,269,937 |
| Investment Income | 8,937,951 |
| Other Income | 6,364,105 |
| Total Employee Compensation & Benefits | 28,708,071 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 17,835,810 |
| Non-operating Income & (Expense) | -17,931 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,540,837 |
| Cost of Funds | 32,910,948 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,349,999 |
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