Florida Rural Electric Credit Union:

Florida Rural Electric Credit Union was chartered in 1991 and its charter number is 67561. Florida Rural Electric Credit Union's address registered with the NCUA is P.O. BOX 1697, TALLAHASSEE, FL 32302. As of 10/20/06, Florida Rural Electric CU reported $15,997,828 in assets. The credit union currenly has 2,474 members. It's Manager/CEO is Kenn Rice. The credit unions website is www.frecu.org

Florida Rural Electric Credit Union is a member of the Florida Credit Union League.

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Florida Rural Electric Credit Union Financial Evaluation
As of December 31, 2004
Total Assets: $16,861,758.00
Total Loans: $9,078,833.00
Net Worth Ratio: 18.43
% Share Growth: 2.47
% Loan Growth: 10.57
Loans/Assets Ratio: 53.84
Loans/Assets Ratio: 45.46
Numbers of Members: 2,592
Number of Full-time Employees: 3 		 
As of December 31, 2005
Total Assets: $15,852,557.00
Total Loans: $10,069,143.00
Net Worth Ratio: 21.03
% Share Growth: -8.98
% Loan Growth: 10.9
Loans/Assets Ratio: 63.51
Loans/Assets Ratio: 35.67
Numbers of Members: 2,525
Number of Full-time Employees: 3 		 
As of December 31, 2006
Total Assets: $15,300,176.00
Total Loans: $10,302,428.00
Net Worth Ratio: 23.29
% Share Growth: -6.23
% Loan Growth: 2.31
Loans/Assets Ratio: 67.33
Loans/Assets Ratio: 31.88
Numbers of Members: 2,468
Number of Full-time Employees: 3 		 
 
 
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Credit Union News:

Taking Math Lessons Into Account
Brandon News & Tribune - Feb 8, 2008
Michael Desmond has started saving for college, stashing away money he earns washing and waxing his parents' cars.

Full Story: http://brandonnews2.tbo.com/content/2008/feb/09/br-taking-math-lessons-into-account/?news

Fort Mill man convicted in pipe-bomb scheme
The State - Feb 2, 2008
An 18-year-old Fort Mill man has been convicted for his role in a scheme to plant pipe bombs at a Charlotte school to provide a diversion while a group of men robbed Founders Credit Union. Steven Michael Eddington was convicted Thursday of conspiracy to rob a bank, possession of explosive devices and other charges, Assistant U.S. Attorney Kevin McDonald said. Eddington’s father, Timothy Wayne ...

Full Story: http://www.thestate.com/local/story/305620.html

Police: Couple Captured After Bank Heist
WGAL 8 Susquehanna Valley - Feb 8, 2008
LOWER PAXTON TOWNSHIP, Pa. -- A York couple was arrested shortly after police said they robbed a bank in Dauphin County on Wednesday. State police said Davon Roberts and Latrish Gary held up the Members First Credit Union on Hershey Road around noon.

Full Story: http://www.wgal.com/news/15242598/detail.html?rss=lan&psp=news

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