Dec, 31, 2023 — MEMBERS FIRST CREDIT UNION OF FLORIDA is a federally insured state chartered credit union headquartered in PENSACOLA, FL with 7 branch locations and about $286.80 million in total assets. Opened 70 years ago in 1954, MEMBERS FIRST CREDIT UNION OF FLORIDA has about 20,243 members and employs 86 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MEMBERS FIRST CREDIT UNION OF FLORIDA |
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Address: (Main Office) | 251 W Garden St PENSACOLA, FL 32502-5728 |
Phone: | (850) 434-2211 |
Fax: | (850) 433-8346 |
Website: | https://www.membersfirstfl.org |
Branches: | 7 branch locations |
Members: | 20,243 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61160 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $286,801,437 |
CEO/Manager: | Michele Williams |
Chairperson: | Theresa McCants |
ASSETS: | $ Amount |
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Cash & Equivalents | 35,797,146 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 57,780,535 |
Unsecured Loans | 18,654,498 |
Other Loans | 66,027,672 |
TOTAL LOANS | 142,462,705 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,342,746 |
Land And Building | 7,623,241 |
Other Fixed Assets | 705,893 |
NCUSIF Deposit | 2,451,622 |
All Other Assets | 22,349 |
TOTAL ASSETS | 286,801,437 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,294,922 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 54,463,493 |
Regular shares | 158,477,916 |
All Other Shares & Deposits | 36,386,214 |
TOTAL SHARES & DEPOSITS | 249,327,623 |
TOTAL LIABILITIES | 252,622,545 |
Regular Reserve | 0 |
Other Reserves | -2,957,802 |
Undivided Earnings | 37,136,694 |
TOTAL EQUITY | 34,178,892 |
TOTAL LIABILITIES, SHARES, & EQUITY | 286,801,437 |
INCOME & EXPENSE | |
Loan Income | 7,292,794 |
Investment Income | 4,729,039 |
Other Income | 2,384,173 |
Total Employee Compensation & Benefits | 5,570,879 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,719,403 |
Non-operating Income & (Expense) | -42,396 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 584,002 |
Cost of Funds | 1,116,254 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,133,958 |
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