PARSONS FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://parsonsfcu.org for more information.
Dec, 31, 2023 — PARSONS FEDERAL CREDIT UNION is a federal credit union headquartered in Pasadena, CA with 2 branch locations and about $264.67 million in total assets. Opened 49 years ago in 1975, PARSONS FEDERAL CREDIT UNION has about 9,604 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PARSONS FEDERAL CREDIT UNION |
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Address: (Main Office) | 100 W. Walnut Street Pasadena, CA 91124 |
Phone: | (626) 440-7000 |
Fax: | (626) 440-9405 |
Website: | https://parsonsfcu.org |
Branches: | 2 branch locations |
Members: | 9,604 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22141 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1975 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $264,668,403 |
CEO/Manager: | Ray Crouse |
Chairperson: | Bruce Hennig |
ASSETS: | $ Amount |
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Cash & Equivalents | 13,370,646 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 118,974,845 |
Unsecured Loans | 9,551,275 |
Other Loans | 37,350,809 |
TOTAL LOANS | 165,876,929 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -611,104 |
Land And Building | 0 |
Other Fixed Assets | 1,005,058 |
NCUSIF Deposit | 2,067,015 |
All Other Assets | 54,657 |
TOTAL ASSETS | 264,668,403 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 6,661 |
Notes & Interest Payable | 9,000,000 |
Accounts Payable & Other Liabilities | 1,651,050 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 36,268,579 |
Regular shares | 72,135,242 |
All Other Shares & Deposits | 123,185,278 |
TOTAL SHARES & DEPOSITS | 231,589,099 |
TOTAL LIABILITIES | 242,246,810 |
Regular Reserve | 0 |
Other Reserves | -6,477,927 |
Undivided Earnings | 28,899,520 |
TOTAL EQUITY | 22,421,593 |
TOTAL LIABILITIES, SHARES, & EQUITY | 264,668,403 |
INCOME & EXPENSE | |
Loan Income | 4,323,814 |
Investment Income | 749,624 |
Other Income | 95,784 |
Total Employee Compensation & Benefits | 1,958,035 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,129,883 |
Non-operating Income & (Expense) | 348,494 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 378,240 |
Cost of Funds | 912,481 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -506,466 |
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