Dec, 31, 2023 — BANNER FEDERAL CREDIT UNION is a federal credit union headquartered in PHOENIX, AZ with 5 branch locations and about $67.40 million in total assets. Opened 67 years ago in 1957, BANNER FEDERAL CREDIT UNION has about 7,536 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BANNER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 9321 W Thomas Rd PHOENIX, AZ 85037-3389 |
| Phone: | (602) 254-5291 |
| Fax: | (602) 256-0089 |
| Website: | https://bannerfcu.org |
| Branches: | 5 branch locations |
| Members: | 7,536 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11680 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $67,401,196 |
| CEO/Manager: | Dianne Pillen |
| Chairperson: | Gordon Goodnow Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,766,822 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,998,368 |
| Unsecured Loans | 2,120,166 |
| Other Loans | 19,268,189 |
| TOTAL LOANS | 27,386,722 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -239,305 |
| Land And Building | 0 |
| Other Fixed Assets | 135,404 |
| NCUSIF Deposit | 632,380 |
| All Other Assets | 0 |
| TOTAL ASSETS | 67,401,196 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,846 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 764,091 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,920,643 |
| Regular shares | 27,584,385 |
| All Other Shares & Deposits | 18,494,739 |
| TOTAL SHARES & DEPOSITS | 60,999,768 |
| TOTAL LIABILITIES | 61,768,205 |
| Regular Reserve | 0 |
| Other Reserves | -1,554,808 |
| Undivided Earnings | 7,187,799 |
| TOTAL EQUITY | 5,632,991 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 67,401,196 |
| INCOME & EXPENSE | |
| Loan Income | 1,430,788 |
| Investment Income | 829,197 |
| Other Income | 524,255 |
| Total Employee Compensation & Benefits | 1,228,884 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,513,326 |
| Non-operating Income & (Expense) | 371,644 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 153,109 |
| Cost of Funds | 268,432 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 121,627 |
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