Dec, 31, 2023 — OKALOOSA COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in CRESTVIEW, FL with 5 branch locations and about $121.69 million in total assets. Opened 64 years ago in 1960, OKALOOSA COUNTY TEACHERS FEDERAL CREDIT UNION has about 9,550 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OKALOOSA COUNTY TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1126 N Ferdon Blvd CRESTVIEW, FL 32536-1710 |
| Phone: | (850) 682-2225 |
| Fax: | (850) 682-7722 |
| Website: | https://okaloosafcu.org |
| Branches: | 5 branch locations |
| Members: | 9,550 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13534 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $121,694,173 |
| CEO/Manager: | Jerry W Maughon |
| Chairperson: | Gail C Kaltz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,426,569 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,589,378 |
| Unsecured Loans | 8,206,910 |
| Other Loans | 47,771,256 |
| TOTAL LOANS | 60,567,545 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -625,599 |
| Land And Building | 1,244,240 |
| Other Fixed Assets | 134,949 |
| NCUSIF Deposit | 1,093,256 |
| All Other Assets | 8,675 |
| TOTAL ASSETS | 121,694,173 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,794 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,779,524 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,326,306 |
| Regular shares | 52,273,976 |
| All Other Shares & Deposits | 32,208,890 |
| TOTAL SHARES & DEPOSITS | 108,809,172 |
| TOTAL LIABILITIES | 110,592,490 |
| Regular Reserve | 0 |
| Other Reserves | 491,286 |
| Undivided Earnings | 10,610,397 |
| TOTAL EQUITY | 11,101,683 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 121,694,173 |
| INCOME & EXPENSE | |
| Loan Income | 3,834,626 |
| Investment Income | 1,267,908 |
| Other Income | 744,176 |
| Total Employee Compensation & Benefits | 2,152,294 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,067,100 |
| Non-operating Income & (Expense) | -501 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 299,768 |
| Cost of Funds | 694,512 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,292,234 |
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