Jun, 30, 2024 — PUERTO RICO FEDERAL CREDIT UNION is a federal credit union headquartered in CAPARRA, PR with 4 branch locations and about $199.87 million in total assets. Opened 65 years ago in 1960, PUERTO RICO FEDERAL CREDIT UNION has about 18,694 members and employs 42 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: | 18,694 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $199,870,219 |
| CEO/Manager: | JOMAR MARTINEZ GOMEZ |
| Chairperson: | Gregorio Ramos |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 51,373,336 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,556,521 |
| Unsecured Loans | 34,067,894 |
| Other Loans | 46,888,638 |
| TOTAL LOANS | 95,522,268 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,580,477 |
| Land And Building | 5,122,399 |
| Other Fixed Assets | 524,792 |
| NCUSIF Deposit | 1,746,309 |
| All Other Assets | 0 |
| TOTAL ASSETS | 199,870,219 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 48,166 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,471,801 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,791,204 |
| Regular shares | 133,532,746 |
| All Other Shares & Deposits | 40,761,130 |
| TOTAL SHARES & DEPOSITS | 179,085,080 |
| TOTAL LIABILITIES | 181,605,047 |
| Regular Reserve | 0 |
| Other Reserves | -6,798,635 |
| Undivided Earnings | 25,063,807 |
| TOTAL EQUITY | 18,265,172 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 199,870,219 |
| INCOME & EXPENSE | |
| Loan Income | 3,767,777 |
| Investment Income | 727,990 |
| Other Income | 279,234 |
| Total Employee Compensation & Benefits | 1,210,519 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,608,254 |
| Non-operating Income & (Expense) | -500 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 758,007 |
| Cost of Funds | 872,954 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 133,752 |
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