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MCCOY FEDERAL CREDIT UNION

Dec, 31, 2023 — MCCOY FEDERAL CREDIT UNION is a federal credit union headquartered in ORLANDO, FL with 15 branch locations and about $963.57 million in total assets. Opened 70 years ago in 1954, MCCOY FEDERAL CREDIT UNION has about 79,436 members and employs 204 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MCCOY FEDERAL CREDIT UNION
Address:
(Main Office)
41 W Michigan St
ORLANDO, FL 32806
Phone:(407) 855-5452
Fax:(407) 472-2792
Website:https://www.mccoyfcu.org
Branches:15 branch locations
Members:79,436
Credit Union Type:Federal Credit Union
Charter Number:9915
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1954
Last Audited:Sep 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$963,570,615
CEO/Manager:Alvin J Cowans
Chairperson:Richard J Albert

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 65,361,568
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 146,206,574
 Unsecured Loans 34,949,481
 Other Loans 484,274,914
 TOTAL LOANS 666,342,476
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,307,711
 Land And Building 25,015,521
 Other Fixed Assets 3,865,167
 NCUSIF Deposit 8,127,435
 All Other Assets 0
  TOTAL ASSETS 963,570,615
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 50,000,000
 Accounts Payable & Other Liabilities 12,742,156
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 185,873,305
 Regular shares 400,114,620
 All Other Shares & Deposits 253,302,250
  TOTAL SHARES & DEPOSITS 839,290,176
  TOTAL LIABILITIES 902,032,332
 Regular Reserve 0
 Other Reserves -24,318,579
 Undivided Earnings 85,856,862
  TOTAL EQUITY 61,538,283
  TOTAL LIABILITIES, SHARES, & EQUITY 963,570,615
INCOME & EXPENSE  
 Loan Income 28,718,184
 Investment Income 5,293,134
 Other Income 10,305,755
 Total Employee Compensation & Benefits 12,800,112
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 19,240,200
 Non-operating Income & (Expense) 4,482
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,191,864
 Cost of Funds 7,135,404
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 7,010,337
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