Dec, 31, 2023 — PATHWAYS FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in COLUMBUS, OH with 11 branch locations and about $604.02 million in total assets. Opened 51 years ago in 1973, PATHWAYS FINANCIAL CREDIT UNION has about 48,126 members and employs 111 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PATHWAYS FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5665 N Hamilton Rd COLUMBUS, OH 43230 |
| Phone: | (614) 416-7588 |
| Fax: | (614) 416-7580 |
| Website: | https://www.pathwayscu.com |
| Branches: | 11 branch locations |
| Members: | 48,126 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66376 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1973 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $604,020,460 |
| CEO/Manager: | Michael B Shafer |
| Chairperson: | Bill Knoles |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 55,319,825 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 176,109,403 |
| Unsecured Loans | 83,678,274 |
| Other Loans | 150,972,142 |
| TOTAL LOANS | 410,759,819 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,354,213 |
| Land And Building | 11,843,156 |
| Other Fixed Assets | 2,302,573 |
| NCUSIF Deposit | 5,021,994 |
| All Other Assets | 241,885 |
| TOTAL ASSETS | 604,020,460 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 20,000,000 |
| Accounts Payable & Other Liabilities | 15,762,205 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 113,359,506 |
| Regular shares | 158,503,708 |
| All Other Shares & Deposits | 240,985,927 |
| TOTAL SHARES & DEPOSITS | 512,849,140 |
| TOTAL LIABILITIES | 548,611,345 |
| Regular Reserve | 0 |
| Other Reserves | 17,808,848 |
| Undivided Earnings | 37,600,267 |
| TOTAL EQUITY | 55,409,115 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 604,020,460 |
| INCOME & EXPENSE | |
| Loan Income | 21,731,463 |
| Investment Income | 4,228,189 |
| Other Income | 3,134,099 |
| Total Employee Compensation & Benefits | 9,602,041 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,729,542 |
| Non-operating Income & (Expense) | 525 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,891,047 |
| Cost of Funds | 6,435,816 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,154,540 |
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