Dec, 31, 2023 — BANNER FEDERAL CREDIT UNION is a federal credit union headquartered in PHOENIX, AZ with 5 branch locations and about $67.40 million in total assets. Opened 67 years ago in 1957, BANNER FEDERAL CREDIT UNION has about 7,536 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BANNER FEDERAL CREDIT UNION |
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Address: (Main Office) | 9321 W Thomas Rd PHOENIX, AZ 85037-3389 |
Phone: | (602) 254-5291 |
Fax: | (602) 256-0089 |
Website: | https://bannerfcu.org |
Branches: | 5 branch locations |
Members: | 7,536 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11680 |
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Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $67,401,196 |
CEO/Manager: | Dianne Pillen |
Chairperson: | Gordon Goodnow Jr. |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,766,822 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,998,368 |
Unsecured Loans | 2,120,166 |
Other Loans | 19,268,189 |
TOTAL LOANS | 27,386,722 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -239,305 |
Land And Building | 0 |
Other Fixed Assets | 135,404 |
NCUSIF Deposit | 632,380 |
All Other Assets | 0 |
TOTAL ASSETS | 67,401,196 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,846 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 764,091 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 14,920,643 |
Regular shares | 27,584,385 |
All Other Shares & Deposits | 18,494,739 |
TOTAL SHARES & DEPOSITS | 60,999,768 |
TOTAL LIABILITIES | 61,768,205 |
Regular Reserve | 0 |
Other Reserves | -1,554,808 |
Undivided Earnings | 7,187,799 |
TOTAL EQUITY | 5,632,991 |
TOTAL LIABILITIES, SHARES, & EQUITY | 67,401,196 |
INCOME & EXPENSE | |
Loan Income | 1,430,788 |
Investment Income | 829,197 |
Other Income | 524,255 |
Total Employee Compensation & Benefits | 1,228,884 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,513,326 |
Non-operating Income & (Expense) | 371,644 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 153,109 |
Cost of Funds | 268,432 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 121,627 |
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