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 |
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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 |
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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 |
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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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