Dec, 31, 2023 — PASADENA SERVICE FEDERAL CREDIT UNION is a federal credit union headquartered in PASADENA, CA with 3 branch locations and about $155.32 million in total assets. Opened 88 years ago in 1936, PASADENA SERVICE FEDERAL CREDIT UNION has about 11,605 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PASADENA SERVICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 670 N Rosemead Blvd PASADENA, CA 91107-2101 |
| Phone: | (626) 351-9651 |
| Fax: | (626) 351-0708 |
| Website: | https://www.mypsfcu.org |
| Branches: | 3 branch locations |
| Members: | 11,605 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1368 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $155,316,624 |
| CEO/Manager: | James Chang |
| Chairperson: | Mike Izuno |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,944,438 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 52,673,864 |
| Unsecured Loans | 5,388,794 |
| Other Loans | 21,130,609 |
| TOTAL LOANS | 79,193,268 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -732,004 |
| Land And Building | 3,023,682 |
| Other Fixed Assets | 1,312,118 |
| NCUSIF Deposit | 1,360,290 |
| All Other Assets | 34,657 |
| TOTAL ASSETS | 155,316,624 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,580,694 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 30,410,589 |
| Regular shares | 62,926,919 |
| All Other Shares & Deposits | 45,476,806 |
| TOTAL SHARES & DEPOSITS | 138,814,315 |
| TOTAL LIABILITIES | 141,395,009 |
| Regular Reserve | 0 |
| Other Reserves | -49,065 |
| Undivided Earnings | 13,970,680 |
| TOTAL EQUITY | 13,921,615 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 155,316,624 |
| INCOME & EXPENSE | |
| Loan Income | 3,919,823 |
| Investment Income | 1,885,378 |
| Other Income | 1,119,924 |
| Total Employee Compensation & Benefits | 2,249,635 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,762,191 |
| Non-operating Income & (Expense) | -15,646 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 363,537 |
| Cost of Funds | 643,762 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,852,054 |
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