Dec, 31, 2023 — EVERGLADES FEDERAL CREDIT UNION is a federal credit union headquartered in CLEWISTON, FL with 1 branch location and about $56.02 million in total assets. Opened 39 years ago in 1985, EVERGLADES FEDERAL CREDIT UNION has about 5,462 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EVERGLADES FEDERAL CREDIT UNION |
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Address: (Main Office) | 1099 W Ventura Ave CLEWISTON, FL 33440-3416 |
Phone: | (863) 983-5141 |
Fax: | (863) 983-3966 |
Website: | https://www.evergladesfcu.com |
Branches: | 1 branch locations |
Members: | 5,462 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24204 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1985 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $56,024,829 |
CEO/Manager: | Marta Betancourt |
Chairperson: | Rhonda Davis |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,271,868 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 50,000 |
Real Estate Loans | 6,894,397 |
Unsecured Loans | 5,680,781 |
Other Loans | 22,060,422 |
TOTAL LOANS | 34,635,599 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -275,295 |
Land And Building | 1,420,642 |
Other Fixed Assets | 232,104 |
NCUSIF Deposit | 474,907 |
All Other Assets | 0 |
TOTAL ASSETS | 56,024,829 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 8 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 929,268 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,475,215 |
Regular shares | 23,335,401 |
All Other Shares & Deposits | 18,862,520 |
TOTAL SHARES & DEPOSITS | 49,673,136 |
TOTAL LIABILITIES | 50,602,412 |
Regular Reserve | 0 |
Other Reserves | 571,836 |
Undivided Earnings | 4,850,581 |
TOTAL EQUITY | 5,422,417 |
TOTAL LIABILITIES, SHARES, & EQUITY | 56,024,829 |
INCOME & EXPENSE | |
Loan Income | 1,608,383 |
Investment Income | 441,870 |
Other Income | 667,169 |
Total Employee Compensation & Benefits | 1,007,431 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,170,840 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 212,723 |
Cost of Funds | 310,088 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 165,989 |
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