Dec, 31, 2020 — PARISHIONERS FEDERAL CREDIT UNION is a federal credit union headquartered in Torrance, CA with 1 branch location and about $50.67 million in total assets. Opened 60 years ago in 1961, PARISHIONERS FEDERAL CREDIT UNION has about 2,900 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PARISHIONERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2355 Crenshaw Blvd Ste 100 Torrance, CA 90501 |
| Phone: | (310) 320-4588 |
| Fax: | (310) 320-2405 |
| Website: | http://www.parishionersfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,900 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14650 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $50,671,303 |
| CEO/Manager: | Mark Marderness |
| Chairperson: | Thomas Wynne |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,320,682 |
| TOTAL INVESTMENTS | 26,951,786 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,663,632 |
| Unsecured Loans | 2,003,027 |
| Other Loans | 7,204,306 |
| TOTAL LOANS | 14,870,965 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -64,568 |
| Land And Building | 0 |
| Other Fixed Assets | 47,708 |
| NCUSIF Deposit | 365,128 |
| All Other Assets | 179,602 |
| TOTAL ASSETS | 50,671,303 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 90,375 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,898,687 |
| Regular shares | 19,532,684 |
| All Other Shares & Deposits | 11,734,903 |
| TOTAL SHARES & DEPOSITS | 46,166,274 |
| TOTAL LIABILITIES | 46,256,649 |
| Regular Reserve | 1,144,847 |
| Other Reserves | 368,111 |
| Undivided Earnings | 2,901,696 |
| TOTAL EQUITY | 4,414,654 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 50,671,303 |
| INCOME & EXPENSE | |
| Loan Income | 695,302 |
| Investment Income | 446,123 |
| Other Income | 203,760 |
| Total Employee Compensation & Benefits | 603,710 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 672,409 |
| Non-operating Income & (Expense) | 21,432 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 47,117 |
| Cost of Funds | 84,835 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -41,454 |
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