Dec, 31, 2023 — PROMEDICA FEDERAL CREDIT UNION is a federal credit union headquartered in TOLEDO, OH with 4 branch locations and about $65.20 million in total assets. Opened 51 years ago in 1973, PROMEDICA FEDERAL CREDIT UNION has about 7,170 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PROMEDICA FEDERAL CREDIT UNION |
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Address: (Main Office) | 245 N Summit St TOLEDO, OH 43604-1577 |
Phone: | (419) 479-1300 |
Fax: | (419) 479-4021 |
Website: | https://www.promedicafcu.com |
Branches: | 4 branch locations |
Members: | 7,170 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21226 |
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Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1973 |
Last Audited: | Apr 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $65,202,043 |
CEO/Manager: | Richard J Haas, Jr. |
Chairperson: | David Gang |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,439,615 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,993,942 |
Unsecured Loans | 3,934,002 |
Other Loans | 25,005,562 |
TOTAL LOANS | 32,933,506 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -213,696 |
Land And Building | 1,310,978 |
Other Fixed Assets | 602,042 |
NCUSIF Deposit | 606,791 |
All Other Assets | 0 |
TOTAL ASSETS | 65,202,043 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,131,002 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 14,255,034 |
Regular shares | 24,738,817 |
All Other Shares & Deposits | 17,135,187 |
TOTAL SHARES & DEPOSITS | 56,129,038 |
TOTAL LIABILITIES | 59,260,043 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 5,942,000 |
TOTAL EQUITY | 5,942,000 |
TOTAL LIABILITIES, SHARES, & EQUITY | 65,202,043 |
INCOME & EXPENSE | |
Loan Income | 1,946,609 |
Investment Income | 893,830 |
Other Income | 1,003,355 |
Total Employee Compensation & Benefits | 1,626,599 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,664,941 |
Non-operating Income & (Expense) | 25,456 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 62,921 |
Cost of Funds | 191,474 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 385,319 |
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