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 |
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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 |
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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 |
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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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