Dec, 31, 2023 — CENTRAL CREDIT UNION OF FLORIDA is a federally insured state chartered credit union headquartered in PENSACOLA, FL with 8 branch locations and about $301.44 million in total assets. Opened 62 years ago in 1962, CENTRAL CREDIT UNION OF FLORIDA has about 22,607 members and employs 90 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CENTRAL CREDIT UNION OF FLORIDA |
|---|---|
| Address: (Main Office) | 1200 E Nine Mile Rd PENSACOLA, FL 32514-1653 |
| Phone: | (850) 474-0970 |
| Fax: | (850) 202-4218 |
| Website: | https://loyaltycu.org |
| Branches: | 8 branch locations |
| Members: | 22,607 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62417 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $301,437,390 |
| CEO/Manager: | Elizabeth M Oakes |
| Chairperson: | John Coe |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,159,482 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 59,739,081 |
| Unsecured Loans | 30,364,150 |
| Other Loans | 71,491,725 |
| TOTAL LOANS | 161,594,957 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,552,748 |
| Land And Building | 10,877,430 |
| Other Fixed Assets | 980,229 |
| NCUSIF Deposit | 2,592,888 |
| All Other Assets | 66,500 |
| TOTAL ASSETS | 301,437,390 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,378,543 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 73,124,314 |
| Regular shares | 121,235,585 |
| All Other Shares & Deposits | 75,979,889 |
| TOTAL SHARES & DEPOSITS | 270,339,788 |
| TOTAL LIABILITIES | 272,718,331 |
| Regular Reserve | 0 |
| Other Reserves | 6,473,220 |
| Undivided Earnings | 22,245,839 |
| TOTAL EQUITY | 28,719,059 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 301,437,390 |
| INCOME & EXPENSE | |
| Loan Income | 11,401,227 |
| Investment Income | 4,684,382 |
| Other Income | 4,207,809 |
| Total Employee Compensation & Benefits | 6,816,970 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,971,626 |
| Non-operating Income & (Expense) | -69,965 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,909,069 |
| Cost of Funds | 1,671,206 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,889,808 |
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