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PORTER FEDERAL CREDIT UNION

Sep, 30, 2021 — PORTER FEDERAL CREDIT UNION is a federal credit union headquartered in DENVER, CO with 1 branch location and about $26.32 million in total assets. Opened 59 years ago in 1963, PORTER FEDERAL CREDIT UNION has about 1,764 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:PORTER FEDERAL CREDIT UNION
Address:
(Main Office)
850 E HARVARD AVE, SUITE G-45
DENVER, CO 80210
Phone:(303) 778-5702
Fax:(303) 778-5802
Website:http://porterfcu.org
Branches:1 branch locations
Members:1,764
Credit Union Type:Federal Credit Union
Charter Number:15435
Membership Type:Multiple common bond - Primarily health care
Corporate Credit Union:No
Year Opened:1963
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$26,319,930
CEO/Manager:Douglas Kaiser
Chairperson:Monte Dean

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,787,976
TOTAL INVESTMENTS 15,314,344
Loans Held for Sale 0
 
 Real Estate Loans 1,516,379
 Unsecured Loans 87,065
 Other Loans 1,351,732
 TOTAL LOANS 2,955,176
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -28,655
 Land And Building 0
 Other Fixed Assets 32,414
 NCUSIF Deposit 203,546
 All Other Assets 55,129
  TOTAL ASSETS 26,319,930
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 15,648
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,570,871
 Regular shares 17,746,279
 All Other Shares & Deposits 2,146,241
  TOTAL SHARES & DEPOSITS 22,463,391
  TOTAL LIABILITIES 22,479,039
 Regular Reserve 310,087
 Other Reserves 0
 Undivided Earnings 3,530,804
  TOTAL EQUITY 3,840,891
  TOTAL LIABILITIES, SHARES, & EQUITY 26,319,930
INCOME & EXPENSE  
 Loan Income 107,127
 Investment Income 141,163
 Other Income 19,183
 Total Employee Compensation & Benefits 148,806
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 219,404
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 18,750
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -61,890
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