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PORTER FEDERAL CREDIT UNION

Mar, 31, 2021 — PORTER FEDERAL CREDIT UNION is a federal credit union headquartered in DENVER, CO with 1 branch location and about $26.09 million in total assets. Opened 58 years ago in 1963, PORTER FEDERAL CREDIT UNION has about 1,822 members and employs 3 full and part-time employees 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:1,822
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$26,093,890
CEO/Manager:Douglas Kaiser
Chairperson:Monte Dean

Call Report

  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,241,989
TOTAL INVESTMENTS 15,059,344
Loans Held for Sale 0
 
 Real Estate Loans 1,688,143
 Unsecured Loans 86,885
 Other Loans 1,769,539
 TOTAL LOANS 3,544,567
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -28,655
 Land And Building 0
 Other Fixed Assets 35,635
 NCUSIF Deposit 203,546
 All Other Assets 37,464
  TOTAL ASSETS 26,093,890
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 21,624
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,640,499
 Regular shares 17,330,769
 All Other Shares & Deposits 2,209,609
  TOTAL SHARES & DEPOSITS 22,180,877
  TOTAL LIABILITIES 22,202,501
 Regular Reserve 310,087
 Other Reserves 0
 Undivided Earnings 3,581,302
  TOTAL EQUITY 3,891,389
  TOTAL LIABILITIES, SHARES, & EQUITY 26,093,890
INCOME & EXPENSE  
 Loan Income 39,044
 Investment Income 49,879
 Other Income 6,512
 Total Employee Compensation & Benefits 47,432
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 69,694
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,841
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -7,914
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