Dec, 31, 2023 — FIRST COAST COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in PALATKA, FL with 3 branch locations and about $150.51 million in total assets. Opened 76 years ago in 1948, FIRST COAST COMMUNITY CREDIT UNION has about 12,117 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST COAST COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 306 S Palm Ave PALATKA, FL 32177 |
| Phone: | (386) 328-5555 |
| Fax: | (386) 325-1275 |
| Website: | https://www.firstcoastccu.com |
| Branches: | 3 branch locations |
| Members: | 12,117 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68524 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $150,510,570 |
| CEO/Manager: | Gretchen Lunsford |
| Chairperson: | James Norwood |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,142,712 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,003,193 |
| Unsecured Loans | 5,845,278 |
| Other Loans | 32,347,240 |
| TOTAL LOANS | 49,932,524 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -394,410 |
| Land And Building | 2,307,949 |
| Other Fixed Assets | 108,490 |
| NCUSIF Deposit | 1,323,555 |
| All Other Assets | 0 |
| TOTAL ASSETS | 150,510,570 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,275,093 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 29,310,016 |
| Regular shares | 80,727,950 |
| All Other Shares & Deposits | 20,937,278 |
| TOTAL SHARES & DEPOSITS | 130,975,244 |
| TOTAL LIABILITIES | 133,250,337 |
| Regular Reserve | 0 |
| Other Reserves | 959,019 |
| Undivided Earnings | 16,301,214 |
| TOTAL EQUITY | 17,260,233 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 150,510,570 |
| INCOME & EXPENSE | |
| Loan Income | 2,964,617 |
| Investment Income | 2,201,294 |
| Other Income | 1,313,563 |
| Total Employee Compensation & Benefits | 2,325,405 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,259,504 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 107,081 |
| Cost of Funds | 392,921 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,484,383 |
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