Dec, 31, 2023 — POLY SCIENTIFIC EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BLACKSBURG, VA with 1 branch location and about $6.43 million in total assets. Opened 64 years ago in 1960, POLY SCIENTIFIC EMPLOYEES FEDERAL CREDIT UNION has about 730 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | POLY SCIENTIFIC EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 1213 N Main St BLACKSBURG, VA 24060 |
Phone: | (540) 443-4140 |
Fax: | (540) 953-7482 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 730 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13544 |
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Membership Type: | Manufacturing - All Other |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,428,527 |
CEO/Manager: | Michael Blankenship |
Chairperson: | Christina Davis |
ASSETS: | $ Amount |
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Cash & Equivalents | 460,445 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 40,044 |
Unsecured Loans | 614,546 |
Other Loans | 2,549,786 |
TOTAL LOANS | 3,204,376 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,579 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 57,245 |
All Other Assets | 0 |
TOTAL ASSETS | 6,428,527 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 0 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 5,027,480 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 5,027,480 |
TOTAL LIABILITIES | 5,027,480 |
Regular Reserve | 0 |
Other Reserves | 390,852 |
Undivided Earnings | 1,010,195 |
TOTAL EQUITY | 1,401,047 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,428,527 |
INCOME & EXPENSE | |
Loan Income | 158,828 |
Investment Income | 88,478 |
Other Income | 0 |
Total Employee Compensation & Benefits | 96,273 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 44,596 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 31,000 |
Cost of Funds | 45,932 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 29,505 |
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