Mar, 31, 2021 — PARKS HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in GLENS FALLS, NY with 1 branch location and about $36.12 million in total assets. Opened 56 years ago in 1965, PARKS HERITAGE FEDERAL CREDIT UNION has about 3,877 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PARKS HERITAGE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5 MURRAY ST GLENS FALLS, NY 12801 |
| Phone: | (518) 926-4700 |
| Fax: | (518) 926-4707 |
| Website: | http://www.parksheritagefcu.org |
| Branches: | 1 branch locations |
| Members: | 3,877 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16933 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $36,121,988 |
| CEO/Manager: | Csilla Bell |
| Chairperson: | Doug Girling |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,176,338 |
| TOTAL INVESTMENTS | 6,928,284 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,280,828 |
| Unsecured Loans | 3,804,350 |
| Other Loans | 8,012,816 |
| TOTAL LOANS | 20,097,994 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -150,760 |
| Land And Building | 1,559,761 |
| Other Fixed Assets | 32,771 |
| NCUSIF Deposit | 287,703 |
| All Other Assets | 189,897 |
| TOTAL ASSETS | 36,121,988 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 92,419 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,364,109 |
| Regular shares | 15,517,625 |
| All Other Shares & Deposits | 10,934,497 |
| TOTAL SHARES & DEPOSITS | 31,816,231 |
| TOTAL LIABILITIES | 31,908,650 |
| Regular Reserve | 792,328 |
| Other Reserves | 71,254 |
| Undivided Earnings | 3,349,756 |
| TOTAL EQUITY | 4,213,338 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 36,121,988 |
| INCOME & EXPENSE | |
| Loan Income | 291,189 |
| Investment Income | 22,824 |
| Other Income | 43,835 |
| Total Employee Compensation & Benefits | 116,534 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 196,342 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,992 |
| Cost of Funds | 22,965 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 105,246 |
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