Dec, 31, 2023 — PUERTO RICO FEDERAL CREDIT UNION is a federal credit union headquartered in CAPARRA, PR with 4 branch locations and about $218.53 million in total assets. Opened 64 years ago in 1960, PUERTO RICO FEDERAL CREDIT UNION has about 23,617 members and employs 45 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 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 55 Calle Resolucion CAPARRA, PR 00920-2727 |
| Phone: | (787) 749-0500 |
| Fax: | (787) 749-8765 |
| Website: | https://www.prfedcu.com |
| Branches: | 4 branch locations |
| Members: | 23,617 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13939 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $218,534,933 |
| CEO/Manager: | JOMAR MARTINEZ GOMEZ |
| Chairperson: | Gregorio Ramos |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,291,496 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,488,282 |
| Unsecured Loans | 42,886,740 |
| Other Loans | 87,823,459 |
| TOTAL LOANS | 144,199,917 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,377,562 |
| Land And Building | 4,978,615 |
| Other Fixed Assets | 569,687 |
| NCUSIF Deposit | 1,886,036 |
| All Other Assets | 30,000 |
| TOTAL ASSETS | 218,534,933 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 160,540 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,764,502 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,065,752 |
| Regular shares | 104,462,382 |
| All Other Shares & Deposits | 88,817,205 |
| TOTAL SHARES & DEPOSITS | 197,345,339 |
| TOTAL LIABILITIES | 199,270,381 |
| Regular Reserve | 0 |
| Other Reserves | -2,565,786 |
| Undivided Earnings | 21,830,338 |
| TOTAL EQUITY | 19,264,552 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 218,534,933 |
| INCOME & EXPENSE | |
| Loan Income | 6,893,396 |
| Investment Income | 1,492,797 |
| Other Income | 412,223 |
| Total Employee Compensation & Benefits | 1,911,157 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,081,088 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,096,223 |
| Cost of Funds | 2,781,437 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -716,990 |
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