Dec, 31, 2023 — OCALA COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in OCALA, FL with 2 branch locations and about $49.69 million in total assets. Opened 71 years ago in 1953, OCALA COMMUNITY CREDIT UNION has about 2,948 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OCALA COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2675 SE 36th Ave OCALA, FL 34471 |
| Phone: | (352) 509-3200 |
| Fax: | (352) 629-0663 |
| Website: | https://www.ocalacommunitycu.com |
| Branches: | 2 branch locations |
| Members: | 2,948 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67938 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $49,685,727 |
| CEO/Manager: | Steven Nazaruk |
| Chairperson: | Chris A Thomas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,219,451 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,699,862 |
| Unsecured Loans | 1,995,868 |
| Other Loans | 14,138,156 |
| TOTAL LOANS | 19,846,065 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -146,984 |
| Land And Building | 966,874 |
| Other Fixed Assets | 151,729 |
| NCUSIF Deposit | 431,422 |
| All Other Assets | 15,000 |
| TOTAL ASSETS | 49,685,727 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 454,989 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,549,686 |
| Regular shares | 23,460,260 |
| All Other Shares & Deposits | 12,591,579 |
| TOTAL SHARES & DEPOSITS | 44,601,525 |
| TOTAL LIABILITIES | 45,056,514 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,629,213 |
| TOTAL EQUITY | 4,629,213 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 49,685,727 |
| INCOME & EXPENSE | |
| Loan Income | 999,635 |
| Investment Income | 409,449 |
| Other Income | 287,486 |
| Total Employee Compensation & Benefits | 661,060 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 616,746 |
| Non-operating Income & (Expense) | 265,008 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -35,549 |
| Cost of Funds | 338,725 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 396,687 |
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