Sep, 30, 2025 — MONROE COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in KEY WEST, FL with 1 branch location and about $27.06 million in total assets. Opened 76 years ago in 1950, MONROE COUNTY TEACHERS FEDERAL CREDIT UNION has about 2,094 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MONROE COUNTY TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1442 Kennedy Dr KEY WEST, FL 33040 |
| Phone: | (305) 296-8546 |
| Fax: | (305) 293-9588 |
| Website: | https://www.monroecountyteachersfcu. |
| Branches: | 1 branch locations |
| Members: | 2,094 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7039 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,064,265 |
| CEO/Manager: | Cary Csombok |
| Chairperson: | Holly Hummell-Gorman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,590,795 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,123,541 |
| Unsecured Loans | 856,797 |
| Other Loans | 16,796,251 |
| TOTAL LOANS | 18,776,590 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -262,150 |
| Land And Building | 1,130,976 |
| Other Fixed Assets | 76,153 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 228,594 |
| All Other Assets | 135,065 |
| TOTAL ASSETS | 27,064,265 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,261 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 103,268 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,840,627 |
| Regular shares | 4,987,290 |
| All Other Shares & Deposits | 16,564,687 |
| TOTAL SHARES & DEPOSITS | 24,392,603 |
| TOTAL LIABILITIES | 24,502,132 |
| Regular Reserve | 0 |
| Other Reserves | 208,446 |
| Undivided Earnings | 2,353,687 |
| TOTAL EQUITY | 2,562,133 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,064,265 |
| INCOME & EXPENSE | |
| Loan Income | 1,072,186 |
| Investment Income | 40,563 |
| Other Income | 124,003 |
| Total Employee Compensation & Benefits | 310,545 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 397,459 |
| Non-operating Income & (Expense) | -10,736 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 114,150 |
| Cost of Funds | 476,746 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 42,097 |
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