Dec, 31, 2023 — PRIMESOURCE CREDIT UNION is a federally insured state chartered credit union headquartered in SPOKANE, WA with 3 branch locations and about $93.95 million in total assets. Opened 89 years ago in 1935, PRIMESOURCE CREDIT UNION has about 6,793 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PRIMESOURCE CREDIT UNION |
|---|---|
| Address: (Main Office) | 9707 N Nevada ST SPOKANE, WA 99218-3412 |
| Phone: | (509) 838-6157 |
| Fax: | (509) 838-5197 |
| Website: | https://www.primesourcecu.org |
| Branches: | 3 branch locations |
| Members: | 6,793 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67911 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $93,946,119 |
| CEO/Manager: | Annettee Babb |
| Chairperson: | Clint Price |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,767,687 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,214,868 |
| Unsecured Loans | 2,712,634 |
| Other Loans | 49,349,739 |
| TOTAL LOANS | 61,277,241 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -249,223 |
| Land And Building | 4,394,951 |
| Other Fixed Assets | 263,089 |
| NCUSIF Deposit | 794,780 |
| All Other Assets | 411,088 |
| TOTAL ASSETS | 93,946,119 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 4,272,729 |
| Accounts Payable & Other Liabilities | -68,488 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,634,951 |
| Regular shares | 22,650,284 |
| All Other Shares & Deposits | 41,797,390 |
| TOTAL SHARES & DEPOSITS | 79,082,627 |
| TOTAL LIABILITIES | 83,286,868 |
| Regular Reserve | 0 |
| Other Reserves | 1,067,376 |
| Undivided Earnings | 9,591,875 |
| TOTAL EQUITY | 10,659,251 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 93,946,119 |
| INCOME & EXPENSE | |
| Loan Income | 3,416,495 |
| Investment Income | 473,013 |
| Other Income | 448,516 |
| Total Employee Compensation & Benefits | 1,353,186 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,975,904 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 307,960 |
| Cost of Funds | 955,312 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 153,714 |
| ↑ Back to Top | |