Dec, 31, 2023 — ORLANDO CREDIT UNION is a federally insured state chartered credit union headquartered in ORLANDO, FL with 7 branch locations and about $332.73 million in total assets. Opened 88 years ago in 1936, ORLANDO CREDIT UNION has about 25,866 members and employs 85 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ORLANDO CREDIT UNION |
|---|---|
| Address: (Main Office) | 945 S Orange Ave ORLANDO, FL 32806-1212 |
| Phone: | (407) 835-3500 |
| Fax: | |
| Website: | https://www.orlandocreditunion.org |
| Branches: | 7 branch locations |
| Members: | 25,866 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68706 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $332,728,055 |
| CEO/Manager: | Suzanne Weinstein |
| Chairperson: | F.J. Flynn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,868,575 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 155,536,031 |
| Unsecured Loans | 25,163,912 |
| Other Loans | 81,263,969 |
| TOTAL LOANS | 264,860,777 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,247,631 |
| Land And Building | 10,240,178 |
| Other Fixed Assets | 1,600,693 |
| NCUSIF Deposit | 2,689,364 |
| All Other Assets | 0 |
| TOTAL ASSETS | 332,728,055 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 899 |
| Notes & Interest Payable | 25,000,000 |
| Accounts Payable & Other Liabilities | 4,900,722 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 65,345,953 |
| Regular shares | 116,018,213 |
| All Other Shares & Deposits | 100,678,712 |
| TOTAL SHARES & DEPOSITS | 282,042,878 |
| TOTAL LIABILITIES | 311,947,116 |
| Regular Reserve | 0 |
| Other Reserves | -5,634,652 |
| Undivided Earnings | 26,415,591 |
| TOTAL EQUITY | 20,780,939 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 332,728,055 |
| INCOME & EXPENSE | |
| Loan Income | 13,994,443 |
| Investment Income | 784,118 |
| Other Income | 2,072,678 |
| Total Employee Compensation & Benefits | 7,834,661 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,843,860 |
| Non-operating Income & (Expense) | -60 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 919,604 |
| Cost of Funds | 1,796,330 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,641,326 |
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