Jun, 30, 2024 — PORTER FEDERAL CREDIT UNION is a federal credit union headquartered in DENVER, CO with 1 branch location and about $24.54 million in total assets. Opened 62 years ago in 1963, PORTER FEDERAL CREDIT UNION has about 1,674 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PORTER FEDERAL CREDIT UNION |
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Address: (Main Office) | 850 E Harvard Ave DENVER, CO 80210 |
Phone: | (303) 778-5702 |
Fax: | (303) 778-5802 |
Website: | https://porterfcu.org |
Branches: | 1 branch locations |
Members: | 1,674 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15435 |
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Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $24,542,466 |
CEO/Manager: | Douglas Kaiser |
Chairperson: | Monte Dean |
ASSETS: | $ Amount |
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Cash & Equivalents | 530,517 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,799,171 |
Unsecured Loans | 66,143 |
Other Loans | 1,148,246 |
TOTAL LOANS | 4,013,560 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,325 |
Land And Building | 0 |
Other Fixed Assets | 32,540 |
NCUSIF Deposit | 207,593 |
All Other Assets | 0 |
TOTAL ASSETS | 24,542,466 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 24,753 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,838,574 |
Regular shares | 15,914,010 |
All Other Shares & Deposits | 2,022,133 |
TOTAL SHARES & DEPOSITS | 20,774,717 |
TOTAL LIABILITIES | 20,799,470 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,742,996 |
TOTAL EQUITY | 3,742,996 |
TOTAL LIABILITIES, SHARES, & EQUITY | 24,542,466 |
INCOME & EXPENSE | |
Loan Income | 130,094 |
Investment Income | 118,567 |
Other Income | 23,148 |
Total Employee Compensation & Benefits | 136,996 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 223,683 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 19,029 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -58,859 |
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