Dec, 31, 2023 — PSE CREDIT UNION, INC is a non-federally insured state credit union headquartered in PARMA, OH with 5 branch locations and about $303.78 million in total assets. Opened 2024 years ago in 0, PSE CREDIT UNION, INC has about 27,534 members and employs 71 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PSE CREDIT UNION, INC |
|---|---|
| Address: (Main Office) | 5255 Regency Dr PARMA, OH 44129-5453 |
| Phone: | (440) 843-8300 |
| Fax: | (440) 843-7741 |
| Website: | https://psecreditunion.org |
| Branches: | 5 branch locations |
| Members: | 27,534 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 96768 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 0 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $303,784,780 |
| CEO/Manager: | Joseph C Anderson |
| Chairperson: | Robert Vasil |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 23,424,234 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 73,819,192 |
| Unsecured Loans | 14,279,612 |
| Other Loans | 101,598,420 |
| TOTAL LOANS | 189,697,224 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,707,445 |
| Land And Building | 3,951,102 |
| Other Fixed Assets | 686,790 |
| NCUSIF Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 303,784,780 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 493,564 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,928,172 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 39,430,296 |
| Regular shares | 112,478,393 |
| All Other Shares & Deposits | 121,660,814 |
| TOTAL SHARES & DEPOSITS | 273,569,503 |
| TOTAL LIABILITIES | 276,991,239 |
| Regular Reserve | 0 |
| Other Reserves | 5,840,362 |
| Undivided Earnings | 20,953,179 |
| TOTAL EQUITY | 26,793,541 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 303,784,780 |
| INCOME & EXPENSE | |
| Loan Income | 10,298,168 |
| Investment Income | 2,281,062 |
| Other Income | 3,685,801 |
| Total Employee Compensation & Benefits | 3,695,516 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,107,694 |
| Non-operating Income & (Expense) | 121,554 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,522,754 |
| Cost of Funds | 2,840,699 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,254,122 |
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