Jun, 30, 2024 — PENN SOUTH COOPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in NEW YORK, NY with 1 branch location and about $7.81 million in total assets. Opened 61 years ago in 1963, PENN SOUTH COOPERATIVE FEDERAL CREDIT UNION has about 752 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PENN SOUTH COOPERATIVE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 250 9th Ave Bldg 5 NEW YORK, NY 10001-6602 |
| Phone: | (212) 765-1517 |
| Fax: | (212) 727-8289 |
| Website: | https://pennsouthcreditunion.org/ |
| Branches: | 1 branch locations |
| Members: | 752 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15459 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,813,067 |
| CEO/Manager: | Robert Pillartz |
| Chairperson: |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,891,340 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 240,892 |
| Other Loans | 0 |
| TOTAL LOANS | 5,983,463 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -220,000 |
| Land And Building | 0 |
| Other Fixed Assets | 10,543 |
| NCUSIF Deposit | 64,566 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,813,067 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 51,749 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 26,234 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,189,448 |
| All Other Shares & Deposits | 3,209,302 |
| TOTAL SHARES & DEPOSITS | 6,398,750 |
| TOTAL LIABILITIES | 6,476,733 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,336,334 |
| TOTAL EQUITY | 1,336,334 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,813,067 |
| INCOME & EXPENSE | |
| Loan Income | 255,492 |
| Investment Income | 1,584 |
| Other Income | 31,118 |
| Total Employee Compensation & Benefits | 109,066 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 85,157 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 51,267 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 42,704 |
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