Dec, 31, 2023 — PATTERSON FEDERAL CREDIT UNION is a federal credit union headquartered in ARKADELPHIA, AR with 1 branch location and about $33.69 million in total assets. Opened 67 years ago in 1957, PATTERSON FEDERAL CREDIT UNION has about 3,734 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PATTERSON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 124 WP Malone Dr ARKADELPHIA, AR 71923 |
| Phone: | (870) 246-8005 |
| Fax: | (870) 246-8006 |
| Website: | https://www.pfcuonline.org |
| Branches: | 1 branch locations |
| Members: | 3,734 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11902 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $33,689,196 |
| CEO/Manager: | Shawn Cowart |
| Chairperson: | Troy D Tucker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,899,328 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 21,780 |
| Unsecured Loans | 2,153,526 |
| Other Loans | 19,103,736 |
| TOTAL LOANS | 21,279,042 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -58,203 |
| Land And Building | 889,870 |
| Other Fixed Assets | 19,783 |
| NCUSIF Deposit | 280,944 |
| All Other Assets | 0 |
| TOTAL ASSETS | 33,689,196 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 137,342 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,481,588 |
| Regular shares | 15,136,146 |
| All Other Shares & Deposits | 8,505,226 |
| TOTAL SHARES & DEPOSITS | 29,122,960 |
| TOTAL LIABILITIES | 29,260,302 |
| Regular Reserve | 0 |
| Other Reserves | 295,582 |
| Undivided Earnings | 4,133,312 |
| TOTAL EQUITY | 4,428,894 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,689,196 |
| INCOME & EXPENSE | |
| Loan Income | 1,377,494 |
| Investment Income | 401,793 |
| Other Income | 527,072 |
| Total Employee Compensation & Benefits | 483,194 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 906,877 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 88,792 |
| Cost of Funds | 239,541 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 731,202 |
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