Dec, 31, 2022 — PUERTO RICO EMPLOYEE GROUPS FEDERAL CREDIT UNION is a federal credit union headquartered in PUERTO NUEVO, PR with 1 branch location and about $3.51 million in total assets. Opened 64 years ago in 1959, PUERTO RICO EMPLOYEE GROUPS FEDERAL CREDIT UNION has about 963 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 |
|---|---|
| Address: (Main Office) | 1235 CALLE CAIRO PUERTO NUEVO, PR 00920 |
| Phone: | (787) 782-4050 |
| Fax: | (787) 782-4071 |
| Website: | https://premployeesfcu.com |
| Branches: | 1 branch locations |
| Members: | 963 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12771 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,511,128 |
| CEO/Manager: | ernesto santiago |
| Chairperson: | Jose O Rivera |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 219,042 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,934,213 |
| Other Loans | 393,626 |
| TOTAL LOANS | 2,327,839 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,654 |
| Land And Building | 0 |
| Other Fixed Assets | 2,907 |
| NCUSIF Deposit | 29,688 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,511,128 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 291 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,665 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,783,670 |
| All Other Shares & Deposits | 367,595 |
| TOTAL SHARES & DEPOSITS | 3,151,265 |
| TOTAL LIABILITIES | 3,163,221 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 347,907 |
| TOTAL EQUITY | 347,907 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,511,128 |
| INCOME & EXPENSE | |
| Loan Income | 132,782 |
| Investment Income | 4,984 |
| Other Income | 7,344 |
| Total Employee Compensation & Benefits | 69,555 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 32,693 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,250 |
| Cost of Funds | 4,401 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 37,507 |
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