Dec, 31, 2023 — CORAL COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in FT LAUDERDALE, FL with 1 branch location and about $42.36 million in total assets. Opened 49 years ago in 1975, CORAL COMMUNITY FEDERAL CREDIT UNION has about 3,935 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CORAL COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1930 NE 47th St Ste 120 FT LAUDERDALE, FL 33308 |
Phone: | (954) 772-2330 |
Fax: | (954) 772-5302 |
Website: | https://www.coralfcu.org |
Branches: | 1 branch locations |
Members: | 3,935 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22159 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1975 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $42,357,722 |
CEO/Manager: | Joseph W Pitcher |
Chairperson: | Donna Simonovitch |
ASSETS: | $ Amount |
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Cash & Equivalents | 357,911 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 480,250 |
Real Estate Loans | 15,080,518 |
Unsecured Loans | 2,950,388 |
Other Loans | 7,995,101 |
TOTAL LOANS | 26,026,008 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -153,565 |
Land And Building | 0 |
Other Fixed Assets | 42,592 |
NCUSIF Deposit | 394,250 |
All Other Assets | 1,921 |
TOTAL ASSETS | 42,357,722 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 9,953 |
Notes & Interest Payable | 1,540,000 |
Accounts Payable & Other Liabilities | 626,136 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,438,671 |
Regular shares | 16,390,354 |
All Other Shares & Deposits | 14,209,574 |
TOTAL SHARES & DEPOSITS | 37,038,599 |
TOTAL LIABILITIES | 39,214,688 |
Regular Reserve | 0 |
Other Reserves | 53,423 |
Undivided Earnings | 3,089,611 |
TOTAL EQUITY | 3,143,034 |
TOTAL LIABILITIES, SHARES, & EQUITY | 42,357,722 |
INCOME & EXPENSE | |
Loan Income | 1,263,769 |
Investment Income | 280,702 |
Other Income | 426,171 |
Total Employee Compensation & Benefits | 1,002,399 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 809,605 |
Non-operating Income & (Expense) | -5 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 51,840 |
Cost of Funds | 270,785 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -12,937 |
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