Dec, 31, 2023 — PHENIX PRIDE FEDERAL CREDIT UNION is a federal credit union headquartered in PHENIX CITY, AL with 3 branch locations and about $68.20 million in total assets. Opened 64 years ago in 1960, PHENIX PRIDE FEDERAL CREDIT UNION has about 8,162 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PHENIX PRIDE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1810 Opelika Rd PHENIX CITY, AL 36867 |
| Phone: | (334) 291-3000 |
| Fax: | (334) 291-5036 |
| Website: | https://www.bridgewaycu.org |
| Branches: | 3 branch locations |
| Members: | 8,162 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13852 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $68,199,630 |
| CEO/Manager: | Kimberly Nichols |
| Chairperson: | Rachel Lewis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,420,383 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,540,832 |
| Unsecured Loans | 3,581,628 |
| Other Loans | 26,798,868 |
| TOTAL LOANS | 31,921,328 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -328,407 |
| Land And Building | 3,291,245 |
| Other Fixed Assets | 176,645 |
| NCUSIF Deposit | 573,886 |
| All Other Assets | 48,100 |
| TOTAL ASSETS | 68,199,630 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 33,495 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 252,641 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,978,574 |
| Regular shares | 24,788,618 |
| All Other Shares & Deposits | 19,259,154 |
| TOTAL SHARES & DEPOSITS | 57,026,346 |
| TOTAL LIABILITIES | 57,312,482 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 10,887,148 |
| TOTAL EQUITY | 10,887,148 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 68,199,630 |
| INCOME & EXPENSE | |
| Loan Income | 2,129,078 |
| Investment Income | 466,043 |
| Other Income | 1,056,650 |
| Total Employee Compensation & Benefits | 2,344,130 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,590,028 |
| Non-operating Income & (Expense) | 799,830 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 370,668 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 174,577 |
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