Dec, 31, 2022 — PANHANDLE FEDERAL CREDIT UNION is a federal credit union headquartered in WELLINGTON, KS with 3 branch locations and about $63.05 million in total assets. Opened 66 years ago in 1957, PANHANDLE FEDERAL CREDIT UNION has about 3,693 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PANHANDLE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 403 N Washington Ave WELLINGTON, KS 67152 |
| Phone: | (620) 326-2285 |
| Fax: | (620) 326-3156 |
| Website: | https://www.panhandlefcu.com |
| Branches: | 3 branch locations |
| Members: | 3,693 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12033 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $63,052,171 |
| CEO/Manager: | Danny B Crittenden |
| Chairperson: | Lonnie Hays |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,383,838 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,258,691 |
| Unsecured Loans | 606,362 |
| Other Loans | 7,457,001 |
| TOTAL LOANS | 25,322,054 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -71,285 |
| Land And Building | 2,660,397 |
| Other Fixed Assets | 301,920 |
| NCUSIF Deposit | 520,343 |
| All Other Assets | 20,000 |
| TOTAL ASSETS | 63,052,171 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 621 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 85,114 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 27,706,303 |
| Regular shares | 14,681,858 |
| All Other Shares & Deposits | 10,652,091 |
| TOTAL SHARES & DEPOSITS | 53,040,252 |
| TOTAL LIABILITIES | 53,125,987 |
| Regular Reserve | 0 |
| Other Reserves | 1,971,163 |
| Undivided Earnings | 7,955,021 |
| TOTAL EQUITY | 9,926,184 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 63,052,171 |
| INCOME & EXPENSE | |
| Loan Income | 640,176 |
| Investment Income | 173,286 |
| Other Income | 179,952 |
| Total Employee Compensation & Benefits | 490,541 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 460,156 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,553 |
| Cost of Funds | 45,025 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 26,783 |
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