Dec, 31, 2023 — PALISADES FEDERAL CREDIT UNION is a federal credit union headquartered in PEARL RIVER, NY with 3 branch locations and about $208.17 million in total assets. Opened 83 years ago in 1941, PALISADES FEDERAL CREDIT UNION has about 13,377 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PALISADES FEDERAL CREDIT UNION |
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Address: (Main Office) | 300 N Middletown Rd PEARL RIVER, NY 10965-1295 |
Phone: | (845) 602-4242 |
Fax: | (845) 602-4444 |
Website: | https://www.palisadesfcu.org |
Branches: | 3 branch locations |
Members: | 13,377 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4480 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1941 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $208,172,607 |
CEO/Manager: | Anthony Kurdziel |
Chairperson: | Pamela Wiss |
ASSETS: | $ Amount |
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Cash & Equivalents | 15,992,657 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 84,364,822 |
Unsecured Loans | 36,460,756 |
Other Loans | 40,985,576 |
TOTAL LOANS | 161,811,153 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,401,441 |
Land And Building | 445,433 |
Other Fixed Assets | 201,976 |
NCUSIF Deposit | 1,710,832 |
All Other Assets | 473,838 |
TOTAL ASSETS | 208,172,607 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 10,906,925 |
Accounts Payable & Other Liabilities | 3,035,095 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 32,874,045 |
Regular shares | 69,286,216 |
All Other Shares & Deposits | 77,994,981 |
TOTAL SHARES & DEPOSITS | 180,155,243 |
TOTAL LIABILITIES | 194,097,263 |
Regular Reserve | 0 |
Other Reserves | -5,410,440 |
Undivided Earnings | 19,485,784 |
TOTAL EQUITY | 14,075,344 |
TOTAL LIABILITIES, SHARES, & EQUITY | 208,172,607 |
INCOME & EXPENSE | |
Loan Income | 9,247,341 |
Investment Income | 1,041,945 |
Other Income | 527,536 |
Total Employee Compensation & Benefits | 4,068,123 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,651,050 |
Non-operating Income & (Expense) | -23,630 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 575,119 |
Cost of Funds | 2,657,266 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 919,850 |
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