Dec, 31, 2023 — PINELLAS FEDERAL CREDIT UNION is a federal credit union headquartered in LARGO, FL with 3 branch locations and about $168.01 million in total assets. Opened 68 years ago in 1956, PINELLAS FEDERAL CREDIT UNION has about 11,708 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: | PINELLAS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 350 E Bay Dr LARGO, FL 33770-3716 |
| Phone: | (727) 586-4422 |
| Fax: | |
| Website: | https://www.pinellasfcu.org |
| Branches: | 3 branch locations |
| Members: | 11,708 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10880 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $168,009,680 |
| CEO/Manager: | Sherry E Belcher |
| Chairperson: | Sue A Johnson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,326,716 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 35,866,954 |
| Unsecured Loans | 3,785,833 |
| Other Loans | 62,311,486 |
| TOTAL LOANS | 101,964,273 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -788,066 |
| Land And Building | 6,788,872 |
| Other Fixed Assets | 930,970 |
| NCUSIF Deposit | 1,412,823 |
| All Other Assets | 96,499 |
| TOTAL ASSETS | 168,009,680 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,356,669 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 28,529,355 |
| Regular shares | 71,977,851 |
| All Other Shares & Deposits | 46,593,594 |
| TOTAL SHARES & DEPOSITS | 147,100,800 |
| TOTAL LIABILITIES | 148,457,469 |
| Regular Reserve | 0 |
| Other Reserves | 50,503 |
| Undivided Earnings | 19,501,708 |
| TOTAL EQUITY | 19,552,211 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 168,009,680 |
| INCOME & EXPENSE | |
| Loan Income | 4,767,869 |
| Investment Income | 1,261,054 |
| Other Income | 582,789 |
| Total Employee Compensation & Benefits | 2,318,416 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,031,350 |
| Non-operating Income & (Expense) | 1,363,378 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 283,578 |
| Cost of Funds | 1,184,675 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,799,878 |
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