Dec, 31, 2023 — PATHWAY CREDIT UNION is a federally insured state chartered credit union headquartered in CLEVELAND, TN with 1 branch location and about $6.40 million in total assets. Opened 57 years ago in 1967, PATHWAY CREDIT UNION has about 959 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PATHWAY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2751 RALPH BUCKNER BLVD NE CLEVELAND, TN 37311-1454 |
| Phone: | (423) 479-2168 |
| Fax: | (423) 478-7314 |
| Website: | https://www.pathwaycredit.com |
| Branches: | 1 branch locations |
| Members: | 959 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68124 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,398,723 |
| CEO/Manager: | Mark Rice |
| Chairperson: | Robert S McCall |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 600,647 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 681,787 |
| Unsecured Loans | 546,229 |
| Other Loans | 3,710,089 |
| TOTAL LOANS | 4,938,105 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,850 |
| Land And Building | 164,083 |
| Other Fixed Assets | 306 |
| NCUSIF Deposit | 53,510 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,398,723 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 196 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 14,900 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 584,334 |
| Regular shares | 3,518,646 |
| All Other Shares & Deposits | 1,911,627 |
| TOTAL SHARES & DEPOSITS | 6,014,607 |
| TOTAL LIABILITIES | 6,029,703 |
| Regular Reserve | 0 |
| Other Reserves | -98,677 |
| Undivided Earnings | 467,697 |
| TOTAL EQUITY | 369,020 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,398,723 |
| INCOME & EXPENSE | |
| Loan Income | 270,093 |
| Investment Income | 26,142 |
| Other Income | 20,968 |
| Total Employee Compensation & Benefits | 119,292 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 159,669 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -117 |
| Cost of Funds | 38,936 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 37,459 |
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