Dec, 31, 2023 — MIAMI FIREFIGHTERS FEDERAL CREDIT UNION is a federal credit union headquartered in MIAMI, FL with 1 branch location and about $159.86 million in total assets. Opened 89 years ago in 1935, MIAMI FIREFIGHTERS FEDERAL CREDIT UNION has about 5,762 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MIAMI FIREFIGHTERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1111 NW 7th St MIAMI, FL 33136 |
| Phone: | (305) 324-4004 |
| Fax: | (305) 324-9881 |
| Website: | https://www.mffcu.org |
| Branches: | 1 branch locations |
| Members: | 5,762 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 872 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $159,864,456 |
| CEO/Manager: | Bryan Woodward |
| Chairperson: | Terry Remland |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,100,138 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 53,416,731 |
| Unsecured Loans | 5,483,735 |
| Other Loans | 48,466,615 |
| TOTAL LOANS | 116,167,542 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -284,432 |
| Land And Building | 123,479 |
| Other Fixed Assets | 92,348 |
| NCUSIF Deposit | 1,306,457 |
| All Other Assets | 43,376 |
| TOTAL ASSETS | 159,864,456 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,091,605 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,759,128 |
| Regular shares | 48,021,985 |
| All Other Shares & Deposits | 68,979,680 |
| TOTAL SHARES & DEPOSITS | 140,760,793 |
| TOTAL LIABILITIES | 141,852,398 |
| Regular Reserve | 0 |
| Other Reserves | 2,193,947 |
| Undivided Earnings | 15,818,111 |
| TOTAL EQUITY | 18,012,058 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 159,864,456 |
| INCOME & EXPENSE | |
| Loan Income | 5,190,341 |
| Investment Income | 866,444 |
| Other Income | 270,051 |
| Total Employee Compensation & Benefits | 1,631,577 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,757,094 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -156,000 |
| Cost of Funds | 1,526,334 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,049,919 |
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