Dec, 31, 2023 — P.I.E. CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 1 branch location and about $11.33 million in total assets. Opened 53 years ago in 1971, P.I.E. CREDIT UNION has about 1,095 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | P.I.E. CREDIT UNION |
|---|---|
| Address: (Main Office) | 12320 Main St HOUSTON, TX 77035-6206 |
| Phone: | (713) 551-0491 |
| Fax: | (713) 551-0431 |
| Website: | https://piecu.org |
| Branches: | 1 branch locations |
| Members: | 1,095 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66582 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,331,976 |
| CEO/Manager: | Orelia Clay |
| Chairperson: | Pete Kozak |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 932,447 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,136,102 |
| Unsecured Loans | 787,545 |
| Other Loans | 3,573,049 |
| TOTAL LOANS | 5,496,696 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,918 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 91,046 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,331,976 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,612 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 74,978 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 861,692 |
| Regular shares | 6,541,387 |
| All Other Shares & Deposits | 1,535,123 |
| TOTAL SHARES & DEPOSITS | 8,938,203 |
| TOTAL LIABILITIES | 9,016,793 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,315,183 |
| TOTAL EQUITY | 2,315,183 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,331,976 |
| INCOME & EXPENSE | |
| Loan Income | 259,784 |
| Investment Income | 118,710 |
| Other Income | 14,806 |
| Total Employee Compensation & Benefits | 109,671 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 138,413 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -7,000 |
| Cost of Funds | 32,860 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 131,659 |
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