Dec, 31, 2023 — PRIORITY FEDERAL CREDIT UNION is a federal credit union headquartered in RUSSELLVILLE, AR with 1 branch location and about $8.49 million in total assets. Opened 57 years ago in 1967, PRIORITY FEDERAL CREDIT UNION has about 1,965 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PRIORITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 430 N Hampton Ave RUSSELLVILLE, AR 72802 |
Phone: | (479) 890-6203 |
Fax: | (479) 890-8014 |
Website: | https://www.priorityfederal.us |
Branches: | 1 branch locations |
Members: | 1,965 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 18353 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1967 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $8,493,638 |
CEO/Manager: | Candi Reddell |
Chairperson: | Summer Watkins |
ASSETS: | $ Amount |
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Cash & Equivalents | 592,969 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 354,757 |
Other Loans | 6,427,727 |
TOTAL LOANS | 6,782,484 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,033 |
Land And Building | 366,130 |
Other Fixed Assets | 4,123 |
NCUSIF Deposit | 85,318 |
All Other Assets | 10,577 |
TOTAL ASSETS | 8,493,638 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 98 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 61,008 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 930,515 |
Regular shares | 6,245,435 |
All Other Shares & Deposits | 372,194 |
TOTAL SHARES & DEPOSITS | 7,548,144 |
TOTAL LIABILITIES | 7,609,250 |
Regular Reserve | 0 |
Other Reserves | 396,752 |
Undivided Earnings | 487,636 |
TOTAL EQUITY | 884,388 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,493,638 |
INCOME & EXPENSE | |
Loan Income | 333,366 |
Investment Income | 45,208 |
Other Income | 61,623 |
Total Employee Compensation & Benefits | 216,640 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 207,055 |
Non-operating Income & (Expense) | 4,977 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -4,976 |
Cost of Funds | 27,324 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 55,701 |
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