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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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