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850-224-4960
P.O. Box 182499
Tallahassee, FL 32318

Florida State University Credit Union is headquartered in Tallahassee and is the 47th largest credit union in the state of Florida. It is also the 1,165th largest credit union in the nation. It was established in 1991 and as of December of 2013, it had grown to 53 employees and 16,937 members. Florida State University Credit Union has a A health rating.

Field of Membership Restrictions

Membership is primarily limited to those connected with Florida State University. This includes students, employees and graduates who live and/or work in Franklin, Gadsden, Jefferson, Liberty, Leon, Wakulla and Bay Counties. - See Details

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Florida State University Credit Union had $1.22 million in non-current loans and owned real-estate with $14.74 million in equity and loan loss allowances on hand to cover it. This gives Florida State University Credit Union a Texas Ratio of 8.27% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Florida State University Credit Union experienced no significant changes from 7.36% as of December 31, 2012 to 8.27% as of December 31, 2013, resulting in a negative change of 12.42%. This indicates that the balance sheet and financial strength for Florida State University Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Florida State University Credit Union has increased its total deposits by $13.77 million, resulting in 12.11% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Florida State University Credit Union has shown is excellent.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Florida State University Credit Union has $143.72 million in assets with $14.74 million in equity, resulting in a capitalization level of 10.26%, which is above average.

Institution Statistics

Overall
NCUA #67874
Year Chartered1991
Employees53
Primary Regulator
Assets and Liabilities
Assets$143.72 million
Loans$102.36 million
Deposits$127.52 million
Equity Capital$14.01 million
Loan Loss Allowance$727,000
Unbacked Noncurrent Loans$865,000
Real Estate Owned$354,000
Historic Data - December 2012
Assets$127.00 million
Equity Capital$12.25 million
Loan Loss Allowance$813,000
Unbacked Noncurrent Loans$865,000
Real Estate Owned$158,000
Profit Margin - Quarterly
Net Interest Margin5.73%
Return on Assets1.23%
Return on Equity12.58%
Interest Income$6.53 million
Rates

Sorry, we do not have rate data for Florida State University Credit Union

Locations


Florida State University Credit Union Locations
Branch Office1402 S Jefferson StPerry, FL 32348
Branch Office1412 W Tennessee StTallahassee, FL 32304
Branch Office1612 Capital Cir NETallahassee, FL 32308-5502
Branch Office2190 Crawfordville HwyCrawfordville, FL 32327
Branch Office3534 Thomasville Rd Ste BTallahassee, FL 32309-4401
Branch Office2806 Sharer RdTallahassee, FL 32312-2100