Dec, 31, 2023 — PINE FEDERAL CREDIT UNION is a federal credit union headquartered in PINE BLUFF, AR with 2 branch locations and about $57.40 million in total assets. Opened 66 years ago in 1958, PINE FEDERAL CREDIT UNION has about 5,029 members and employs 17 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 Pkwy PINE BLUFF, AR 71602-3103 |
| Phone: | (870) 247-5100 |
| Fax: | (870) 247-0922 |
| Website: | https://www.pinefcu.com |
| Branches: | 2 branch locations |
| Members: | 5,029 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $57,398,198 |
| CEO/Manager: | Debbie B Gatlin |
| Chairperson: | Robert Johnson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,849,829 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,641,657 |
| Unsecured Loans | 3,219,603 |
| Other Loans | 23,663,494 |
| TOTAL LOANS | 30,524,754 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -206,454 |
| Land And Building | 1,067,185 |
| Other Fixed Assets | 121,126 |
| NCUSIF Deposit | 443,469 |
| All Other Assets | 71,396 |
| TOTAL ASSETS | 57,398,198 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 41,121 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,860,223 |
| Regular shares | 16,334,088 |
| All Other Shares & Deposits | 24,734,308 |
| TOTAL SHARES & DEPOSITS | 43,928,620 |
| TOTAL LIABILITIES | 43,969,741 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 13,428,457 |
| TOTAL EQUITY | 13,428,457 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 57,398,198 |
| INCOME & EXPENSE | |
| Loan Income | 1,999,428 |
| Investment Income | 809,416 |
| Other Income | 217,483 |
| Total Employee Compensation & Benefits | 914,180 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 896,706 |
| Non-operating Income & (Expense) | 29,750 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -10,548 |
| Cost of Funds | 511,663 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 975,978 |
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