Credit Unions Near Me
National Credit Union Service Organization

PROGRESSIVE FEDERAL CREDIT UNION

Dec, 31, 2022 — PROGRESSIVE FEDERAL CREDIT UNION is a federal credit union headquartered in MOBILE, AL with 1 branch location and about $6.64 million in total assets. Opened 67 years ago in 1956, PROGRESSIVE FEDERAL CREDIT UNION has about 688 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:PROGRESSIVE FEDERAL CREDIT UNION
Address:
(Main Office)
1065 Spring Hill Ave
MOBILE, AL 36604
Phone:(251) 338-2092
Fax:(251) 338-2095
Website:https://www.progressivefcu.com
Branches:1 branch locations
Members:688
Credit Union Type:Federal Credit Union
Charter Number:11422
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1956
Last Audited:Jun 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$6,640,987
CEO/Manager:Thalia R Crosby
Chairperson:Eugene Williams

Call Report

  • Credit Builder
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 579,933
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 78,858
 Unsecured Loans 201,230
 Other Loans 2,757,432
 TOTAL LOANS 3,037,520
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -66,696
 Land And Building 187,819
 Other Fixed Assets 6,017
 NCUSIF Deposit 55,123
 All Other Assets 0
  TOTAL ASSETS 6,640,987
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 17,590
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 445,977
 Regular shares 4,613,962
 All Other Shares & Deposits 431,180
  TOTAL SHARES & DEPOSITS 5,491,119
  TOTAL LIABILITIES 5,508,709
 Regular Reserve 0
 Other Reserves 433,360
 Undivided Earnings 698,918
  TOTAL EQUITY 1,132,278
  TOTAL LIABILITIES, SHARES, & EQUITY 6,640,987
INCOME & EXPENSE  
 Loan Income 145,410
 Investment Income 16,031
 Other Income 37,895
 Total Employee Compensation & Benefits 72,915
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 111,726
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 10,647
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 8,202
↑ Back to Top

Other Credit Unions

CHEMCO CREDIT UNION
1638 INDUSTRIAL Rd
MC INTOSH, AL 36553-6609
MOBILE POSTAL CREDIT UNION
800 Downtowner Loop W
MOBILE, AL 36609-5519
THE INFIRMARY FEDERAL CREDIT UNION
130 Mobile Infirmary Blvd
MOBILE, AL 36607
MOBILE GOVERNMENT EMP. CREDIT UNION
109 Saint Joseph St
MOBILE, AL 36602-3605
BLUE FLAME CREDIT UNION
220 Furr St
MOBILE, AL 36607
AZALEA CITY CREDIT UNION
5662 Cottage Hill Rd
MOBILE, AL 36609
BALDWIN COUNTY FEDERAL CREDIT UNION
2509 Hand Ave
BAY MINETTE, AL 36507-4101
MCINTOSH CHEMICAL FEDERAL CREDIT UNION
7895 Highway 43
MC INTOSH, AL 36553-6613
BREWTON MILL FEDERAL CREDIT UNION
2549 South Blvd
BREWTON, AL 36426
ALABAMA RIVER CREDIT UNION
3365 S ALABAMA AVE
MONROEVILLE, AL 36460