Dec, 31, 2023 — P & S CREDIT UNION is a federally insured state chartered credit union headquartered in SALT LAKE CITY, UT with 1 branch location and about $23.21 million in total assets. Opened 44 years ago in 1980, P & S CREDIT UNION has about 2,391 members and employs 7 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 & S CREDIT UNION |
|---|---|
| Address: (Main Office) | 2250 S Redwood Rd Ste 6 SALT LAKE CITY, UT 84119-1356 |
| Phone: | (801) 973-0575 |
| Fax: | (801) 977-8414 |
| Website: | https://www.pandscu.org |
| Branches: | 1 branch locations |
| Members: | 2,391 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67056 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1980 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,213,928 |
| CEO/Manager: | Tammy Morgan |
| Chairperson: | Allen Robins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,235,156 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,728,104 |
| Unsecured Loans | 808,050 |
| Other Loans | 13,662,467 |
| TOTAL LOANS | 19,198,621 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -162,228 |
| Land And Building | 0 |
| Other Fixed Assets | 72,219 |
| NCUSIF Deposit | 191,247 |
| All Other Assets | 0 |
| TOTAL ASSETS | 23,213,928 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 78,790 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 167,652 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,383,848 |
| Regular shares | 9,350,357 |
| All Other Shares & Deposits | 8,085,074 |
| TOTAL SHARES & DEPOSITS | 20,819,281 |
| TOTAL LIABILITIES | 21,065,723 |
| Regular Reserve | 0 |
| Other Reserves | 193,325 |
| Undivided Earnings | 1,954,880 |
| TOTAL EQUITY | 2,148,205 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,213,928 |
| INCOME & EXPENSE | |
| Loan Income | 921,863 |
| Investment Income | 178,873 |
| Other Income | 89,595 |
| Total Employee Compensation & Benefits | 356,953 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 421,019 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 162,228 |
| Cost of Funds | 174,295 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 153,579 |
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