Dec, 31, 2020 — PINE FEDERAL CREDIT UNION is a federal credit union headquartered in PINE BLUFF, AR with 2 branch locations and about $51.14 million in total assets. Opened 63 years ago in 1958, PINE FEDERAL CREDIT UNION has about 5,207 members and employs 14 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 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5100 JEFFERSON PARKWAY PINE BLUFF, AR 71602 |
| Phone: | (870) 247-5100 |
| Fax: | (870) 247-0922 |
| Website: | http://www.pinefcu.com |
| Branches: | 2 branch locations |
| Members: | 5,207 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12601 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | May 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $51,144,852 |
| CEO/Manager: | Debbie B Gatlin |
| Chairperson: | Robert Johnson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,204,233 |
| TOTAL INVESTMENTS | 13,276,488 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,103,766 |
| Unsecured Loans | 2,411,489 |
| Other Loans | 23,059,510 |
| TOTAL LOANS | 28,574,765 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -287,236 |
| Land And Building | 1,183,022 |
| Other Fixed Assets | 150,551 |
| NCUSIF Deposit | 341,722 |
| All Other Assets | 701,307 |
| TOTAL ASSETS | 51,144,852 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 47,662 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,382,962 |
| Regular shares | 14,997,432 |
| All Other Shares & Deposits | 22,146,590 |
| TOTAL SHARES & DEPOSITS | 39,526,984 |
| TOTAL LIABILITIES | 39,574,646 |
| Regular Reserve | 1,079,863 |
| Other Reserves | 0 |
| Undivided Earnings | 10,490,343 |
| TOTAL EQUITY | 11,570,206 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 51,144,852 |
| INCOME & EXPENSE | |
| Loan Income | 1,705,304 |
| Investment Income | 220,644 |
| Other Income | 396,080 |
| Total Employee Compensation & Benefits | 735,016 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 721,851 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 184,136 |
| Cost of Funds | 301,841 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 379,184 |
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