Dec, 31, 2023 — PINE BLUFF COTTON BELT FEDERAL CREDIT UNION is a federal credit union headquartered in PINE BLUFF, AR with 1 branch location and about $70.76 million in total assets. Opened 88 years ago in 1936, PINE BLUFF COTTON BELT FEDERAL CREDIT UNION has about 5,960 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PINE BLUFF COTTON BELT FEDERAL CREDIT UNION |
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Address: (Main Office) | 1703 River Pines Blvd PINE BLUFF, AR 71601 |
Phone: | (870) 535-6365 |
Fax: | (870) 535-0765 |
Website: | https://www.pbcbcu.org |
Branches: | 1 branch locations |
Members: | 5,960 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1245 |
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Membership Type: | Multiple common bond - Primarily transportation |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Nov 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $70,755,973 |
CEO/Manager: | Dee Edie |
Chairperson: | JOE SPADONI |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,829,331 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 27,010,246 |
Unsecured Loans | 1,660,949 |
Other Loans | 19,386,061 |
TOTAL LOANS | 48,080,827 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -893,413 |
Land And Building | 2,941,604 |
Other Fixed Assets | 93,529 |
NCUSIF Deposit | 543,565 |
All Other Assets | 20,000 |
TOTAL ASSETS | 70,755,973 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 16,251 |
Notes & Interest Payable | 2,558,360 |
Accounts Payable & Other Liabilities | 3,106,606 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,958,295 |
Regular shares | 29,166,922 |
All Other Shares & Deposits | 17,417,541 |
TOTAL SHARES & DEPOSITS | 55,542,758 |
TOTAL LIABILITIES | 61,223,975 |
Regular Reserve | 0 |
Other Reserves | 500,000 |
Undivided Earnings | 9,031,998 |
TOTAL EQUITY | 9,531,998 |
TOTAL LIABILITIES, SHARES, & EQUITY | 70,755,973 |
INCOME & EXPENSE | |
Loan Income | 2,740,823 |
Investment Income | 159,957 |
Other Income | 904,075 |
Total Employee Compensation & Benefits | 1,741,212 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,929,633 |
Non-operating Income & (Expense) | 991 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,387,415 |
Cost of Funds | 477,524 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -673,692 |
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