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PROMEDICA FEDERAL CREDIT UNION

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
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
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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