Dec, 31, 2023 — COMMUNITY FIRST CREDIT UNION is a federally insured state chartered credit union headquartered in JACKSONVILLE, FL with 23 branch locations and about $2.72 billion in total assets. Opened 63 years ago in 1961, COMMUNITY FIRST CREDIT UNION has about 172,758 members and employs 449 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMUNITY FIRST CREDIT UNION |
|---|---|
| Address: (Main Office) | 637 N Lee St JACKSONVILLE, FL 32204-1141 |
| Phone: | (904) 354-8537 |
| Fax: | (904) 371-7939 |
| Website: | https://www.communityfirstfl.org |
| Branches: | 23 branch locations |
| Members: | 172,758 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67290 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,720,176,140 |
| CEO/Manager: | John Hirabayashi |
| Chairperson: | Malinda Prudencio |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 258,126,134 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 923,209,151 |
| Unsecured Loans | 222,493,871 |
| Other Loans | 784,720,584 |
| TOTAL LOANS | 1,930,617,471 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,027,141 |
| Land And Building | 48,972,605 |
| Other Fixed Assets | 10,953,050 |
| NCUSIF Deposit | 21,169,024 |
| All Other Assets | 1,095,794 |
| TOTAL ASSETS | 2,720,176,140 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 150,000,000 |
| Accounts Payable & Other Liabilities | 37,990,277 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 519,616,274 |
| Regular shares | 614,472,073 |
| All Other Shares & Deposits | 1,091,152,593 |
| TOTAL SHARES & DEPOSITS | 2,225,240,938 |
| TOTAL LIABILITIES | 2,414,020,633 |
| Regular Reserve | 0 |
| Other Reserves | -38,672,120 |
| Undivided Earnings | 344,827,627 |
| TOTAL EQUITY | 306,155,507 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,720,176,140 |
| INCOME & EXPENSE | |
| Loan Income | 95,218,492 |
| Investment Income | 14,675,744 |
| Other Income | 14,225,374 |
| Total Employee Compensation & Benefits | 37,682,347 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 36,989,134 |
| Non-operating Income & (Expense) | -35,454 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,840,656 |
| Cost of Funds | 30,111,962 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 27,309,056 |
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