Dec, 31, 2023 — PRIMETRUST FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in MUNCIE, IN with 3 branch locations and about $225.15 million in total assets. Opened 89 years ago in 1935, PRIMETRUST FINANCIAL FEDERAL CREDIT UNION has about 18,048 members and employs 74 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PRIMETRUST FINANCIAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 3700 W Bethel Ave MUNCIE, IN 47304 |
Phone: | (765) 289-2148 |
Fax: | (765) 282-4676 |
Website: | https://www.primetrustcu.com |
Branches: | 3 branch locations |
Members: | 18,048 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 489 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $225,145,627 |
CEO/Manager: | Tim Pierce |
Chairperson: | David Baney |
ASSETS: | $ Amount |
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Cash & Equivalents | 13,538,074 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 62,546,153 |
Unsecured Loans | 22,147,146 |
Other Loans | 80,881,560 |
TOTAL LOANS | 165,574,859 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,703,715 |
Land And Building | 1,592,661 |
Other Fixed Assets | 840,119 |
NCUSIF Deposit | 1,910,619 |
All Other Assets | 165,203 |
TOTAL ASSETS | 225,145,627 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 60,744 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 910,057 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 42,702,384 |
Regular shares | 79,410,560 |
All Other Shares & Deposits | 79,838,494 |
TOTAL SHARES & DEPOSITS | 201,951,438 |
TOTAL LIABILITIES | 202,922,239 |
Regular Reserve | 0 |
Other Reserves | 1,062,857 |
Undivided Earnings | 21,160,531 |
TOTAL EQUITY | 22,223,388 |
TOTAL LIABILITIES, SHARES, & EQUITY | 225,145,627 |
INCOME & EXPENSE | |
Loan Income | 8,594,788 |
Investment Income | 1,115,775 |
Other Income | 1,940,683 |
Total Employee Compensation & Benefits | 5,037,242 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,922,070 |
Non-operating Income & (Expense) | 28,266 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,057,085 |
Cost of Funds | 1,149,400 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 807,377 |
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