Dec, 31, 2023 — MIAMI FIREFIGHTERS FEDERAL CREDIT UNION is a federal credit union headquartered in MIAMI, FL with 1 branch location and about $159.86 million in total assets. Opened 89 years ago in 1935, MIAMI FIREFIGHTERS FEDERAL CREDIT UNION has about 5,762 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MIAMI FIREFIGHTERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 1111 NW 7th St MIAMI, FL 33136 |
Phone: | (305) 324-4004 |
Fax: | (305) 324-9881 |
Website: | https://www.mffcu.org |
Branches: | 1 branch locations |
Members: | 5,762 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 872 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $159,864,456 |
CEO/Manager: | Bryan Woodward |
Chairperson: | Terry Remland |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,100,138 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 53,416,731 |
Unsecured Loans | 5,483,735 |
Other Loans | 48,466,615 |
TOTAL LOANS | 116,167,542 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -284,432 |
Land And Building | 123,479 |
Other Fixed Assets | 92,348 |
NCUSIF Deposit | 1,306,457 |
All Other Assets | 43,376 |
TOTAL ASSETS | 159,864,456 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,091,605 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 23,759,128 |
Regular shares | 48,021,985 |
All Other Shares & Deposits | 68,979,680 |
TOTAL SHARES & DEPOSITS | 140,760,793 |
TOTAL LIABILITIES | 141,852,398 |
Regular Reserve | 0 |
Other Reserves | 2,193,947 |
Undivided Earnings | 15,818,111 |
TOTAL EQUITY | 18,012,058 |
TOTAL LIABILITIES, SHARES, & EQUITY | 159,864,456 |
INCOME & EXPENSE | |
Loan Income | 5,190,341 |
Investment Income | 866,444 |
Other Income | 270,051 |
Total Employee Compensation & Benefits | 1,631,577 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,757,094 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -156,000 |
Cost of Funds | 1,526,334 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,049,919 |
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