Dec, 31, 2023 — PUERTO RICO EMPLOYEE GROUPS FEDERAL CREDIT UNION is a federal credit union headquartered in PUERTO NUEVO, PR with 1 branch location and about $3.13 million in total assets. Opened 65 years ago in 1959, PUERTO RICO EMPLOYEE GROUPS FEDERAL CREDIT UNION has about 945 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PUERTO RICO EMPLOYEE GROUPS FEDERAL CREDIT UNION |
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Address: (Main Office) | 1235 CALLE CAIRO PUERTO NUEVO, PR 00920 |
Phone: | (787) 782-4050 |
Fax: | |
Website: | https://premployeesfcu.com |
Branches: | 1 branch locations |
Members: | 945 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12771 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $3,130,048 |
CEO/Manager: | Luis J Guzm?n Carrasquillo |
Chairperson: | Jose O Rivera |
ASSETS: | $ Amount |
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Cash & Equivalents | 450,196 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,973,197 |
Other Loans | 444,516 |
TOTAL LOANS | 2,417,713 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,937 |
Land And Building | 0 |
Other Fixed Assets | 5,847 |
NCUSIF Deposit | 31,665 |
All Other Assets | 0 |
TOTAL ASSETS | 3,130,048 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 200 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 13,146 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,470,402 |
All Other Shares & Deposits | 235,124 |
TOTAL SHARES & DEPOSITS | 2,705,526 |
TOTAL LIABILITIES | 2,718,872 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 411,176 |
TOTAL EQUITY | 411,176 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,130,048 |
INCOME & EXPENSE | |
Loan Income | 204,092 |
Investment Income | 12,891 |
Other Income | 10,985 |
Total Employee Compensation & Benefits | 90,358 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 47,701 |
Non-operating Income & (Expense) | 10,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 33,112 |
Cost of Funds | 12,276 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 51,545 |
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