Dec, 31, 2023 — PANHANDLE FEDERAL CREDIT UNION is a federal credit union headquartered in WELLINGTON, KS with 3 branch locations and about $59.51 million in total assets. Opened 67 years ago in 1957, PANHANDLE FEDERAL CREDIT UNION has about 3,791 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PANHANDLE FEDERAL CREDIT UNION |
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Address: (Main Office) | 403 N Washington Ave WELLINGTON, KS 67152 |
Phone: | (620) 326-2285 |
Fax: | (620) 326-3156 |
Website: | https://www.panhandlefcu.com |
Branches: | 3 branch locations |
Members: | 3,791 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12033 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $59,507,497 |
CEO/Manager: | Danny B Crittenden |
Chairperson: | Sherry Doctor |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,208,532 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 20,422,830 |
Unsecured Loans | 674,565 |
Other Loans | 10,257,533 |
TOTAL LOANS | 31,354,927 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -80,647 |
Land And Building | 2,672,566 |
Other Fixed Assets | 373,258 |
NCUSIF Deposit | 505,518 |
All Other Assets | 0 |
TOTAL ASSETS | 59,507,497 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,316 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 63,488 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 21,787,307 |
Regular shares | 12,863,470 |
All Other Shares & Deposits | 14,548,769 |
TOTAL SHARES & DEPOSITS | 49,199,545 |
TOTAL LIABILITIES | 49,265,349 |
Regular Reserve | 0 |
Other Reserves | 260,000 |
Undivided Earnings | 9,982,148 |
TOTAL EQUITY | 10,242,148 |
TOTAL LIABILITIES, SHARES, & EQUITY | 59,507,497 |
INCOME & EXPENSE | |
Loan Income | 1,133,502 |
Investment Income | 1,066,657 |
Other Income | 273,119 |
Total Employee Compensation & Benefits | 915,751 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 879,724 |
Non-operating Income & (Expense) | -22,524 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -16,410 |
Cost of Funds | 319,604 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 390,290 |
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