Dec, 31, 2023 — PARISHIONERS FEDERAL CREDIT UNION is a federal credit union headquartered in TORRANCE, CA with 1 branch location and about $62.92 million in total assets. Opened 63 years ago in 1961, PARISHIONERS FEDERAL CREDIT UNION has about 3,377 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: | PARISHIONERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2355 Crenshaw Blvd Ste 100 TORRANCE, CA 90501 |
| Phone: | (310) 320-4588 |
| Fax: | (310) 320-2405 |
| Website: | https://www.parishionersfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,377 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14650 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $62,921,932 |
| CEO/Manager: | ALEN TOROSYAN |
| Chairperson: | Dennis Branconier |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 421,769 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 21,474,111 |
| Unsecured Loans | 2,075,204 |
| Other Loans | 13,801,000 |
| TOTAL LOANS | 37,350,316 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -105,655 |
| Land And Building | 0 |
| Other Fixed Assets | 72,714 |
| NCUSIF Deposit | 526,465 |
| All Other Assets | 0 |
| TOTAL ASSETS | 62,921,932 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 3,500,000 |
| Accounts Payable & Other Liabilities | 138,963 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,507,939 |
| Regular shares | 18,361,191 |
| All Other Shares & Deposits | 25,524,746 |
| TOTAL SHARES & DEPOSITS | 56,393,876 |
| TOTAL LIABILITIES | 60,032,839 |
| Regular Reserve | 0 |
| Other Reserves | -424,096 |
| Undivided Earnings | 3,313,189 |
| TOTAL EQUITY | 2,889,093 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 62,921,932 |
| INCOME & EXPENSE | |
| Loan Income | 1,825,825 |
| Investment Income | 474,708 |
| Other Income | 151,463 |
| Total Employee Compensation & Benefits | 623,077 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 901,514 |
| Non-operating Income & (Expense) | 336,669 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 26,700 |
| Cost of Funds | 786,663 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 531,214 |
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