Dec, 31, 2021 — PARKS HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in GLENS FALLS, NY with 1 branch location and about $35.90 million in total assets. Opened 57 years ago in 1965, PARKS HERITAGE FEDERAL CREDIT UNION has about 3,916 members and employs 8 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: | 3,916 |
| 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: | $35,900,107 |
| CEO/Manager: | Csilla Bell |
| Chairperson: | Doug Girling |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,145,640 |
| TOTAL INVESTMENTS | 9,645,989 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,737,180 |
| Unsecured Loans | 3,852,636 |
| Other Loans | 8,635,866 |
| TOTAL LOANS | 21,225,682 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -165,947 |
| Land And Building | 1,537,651 |
| Other Fixed Assets | 24,218 |
| NCUSIF Deposit | 287,703 |
| All Other Assets | 199,171 |
| TOTAL ASSETS | 35,900,107 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 42,436 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,876,115 |
| Regular shares | 16,649,949 |
| All Other Shares & Deposits | 9,564,362 |
| TOTAL SHARES & DEPOSITS | 31,090,426 |
| TOTAL LIABILITIES | 31,132,862 |
| Regular Reserve | 792,328 |
| Other Reserves | -162 |
| Undivided Earnings | 3,975,079 |
| TOTAL EQUITY | 4,767,245 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 35,900,107 |
| INCOME & EXPENSE | |
| Loan Income | 1,168,579 |
| Investment Income | 98,377 |
| Other Income | 228,934 |
| Total Employee Compensation & Benefits | 450,182 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 813,114 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,985 |
| Cost of Funds | 83,026 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 730,570 |
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