Dec, 31, 2023 — PASADENA MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in PASADENA, TX with 1 branch location and about $11.97 million in total assets. Opened 70 years ago in 1954, PASADENA MUNICIPAL FEDERAL CREDIT UNION has about 1,146 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: | PASADENA MUNICIPAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1155 Strawberry Rd PASADENA, TX 77506-4837 |
| Phone: | (713) 477-4068 |
| Fax: | (713) 472-6957 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,146 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9246 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,967,826 |
| CEO/Manager: | Susan T Hardy |
| Chairperson: | Larry Hovey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 819,104 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 874,045 |
| Other Loans | 5,071,317 |
| TOTAL LOANS | 5,945,362 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,063 |
| Land And Building | 27,811 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 116,088 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,967,826 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,281 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 9,430,229 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 9,430,229 |
| TOTAL LIABILITIES | 9,442,510 |
| Regular Reserve | 0 |
| Other Reserves | 202,322 |
| Undivided Earnings | 2,322,994 |
| TOTAL EQUITY | 2,525,316 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,967,826 |
| INCOME & EXPENSE | |
| Loan Income | 222,249 |
| Investment Income | 188,384 |
| Other Income | 17,408 |
| Total Employee Compensation & Benefits | 96,195 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 111,956 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,014 |
| Cost of Funds | 130,183 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 87,549 |
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