PORTER FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://porterfcu.org for more information.
Dec, 31, 2023 — PORTER FEDERAL CREDIT UNION is a federal credit union headquartered in DENVER, CO with 1 branch location and about $24.54 million in total assets. Opened 61 years ago in 1963, PORTER FEDERAL CREDIT UNION has about 1,674 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PORTER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 850 E HARVARD AVE, SUITE G-45 DENVER, CO 80210 |
| Phone: | (303) 778-5702 |
| Fax: | (303) 778-5802 |
| Website: | https://porterfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,674 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15435 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $24,542,466 |
| CEO/Manager: | Douglas Kaiser |
| Chairperson: | Monte Dean |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 530,517 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,799,171 |
| Unsecured Loans | 66,143 |
| Other Loans | 1,148,246 |
| TOTAL LOANS | 4,013,560 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,325 |
| Land And Building | 0 |
| Other Fixed Assets | 32,540 |
| NCUSIF Deposit | 207,593 |
| All Other Assets | 0 |
| TOTAL ASSETS | 24,542,466 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 24,753 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,838,574 |
| Regular shares | 15,914,010 |
| All Other Shares & Deposits | 2,022,133 |
| TOTAL SHARES & DEPOSITS | 20,774,717 |
| TOTAL LIABILITIES | 20,799,470 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,742,996 |
| TOTAL EQUITY | 3,742,996 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 24,542,466 |
| INCOME & EXPENSE | |
| Loan Income | 130,094 |
| Investment Income | 118,567 |
| Other Income | 23,148 |
| Total Employee Compensation & Benefits | 136,996 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 223,683 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 19,029 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -58,859 |
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