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 |
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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 |
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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 |
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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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