Dec, 31, 2023 — PARTNERS FEDERAL CREDIT UNION is a federal credit union headquartered in BURBANK, CA with 13 branch locations and about $2.48 billion in total assets. Opened 56 years ago in 1968, PARTNERS FEDERAL CREDIT UNION has about 179,259 members and employs 450 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PARTNERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 N First St Ste 400 BURBANK, CA 91502-1818 |
| Phone: | (818) 558-4561 |
| Fax: | (818) 558-4567 |
| Website: | https://www.partnersfcu.org |
| Branches: | 13 branch locations |
| Members: | 179,259 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18708 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1968 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,478,307,386 |
| CEO/Manager: | Ricky Otey |
| Chairperson: | Cindy Luttrell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 225,410,833 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,205,185,575 |
| Unsecured Loans | 248,868,652 |
| Other Loans | 652,295,481 |
| TOTAL LOANS | 2,106,349,708 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,807,359 |
| Land And Building | 5,648,296 |
| Other Fixed Assets | 4,076,457 |
| NCUSIF Deposit | 20,793,784 |
| All Other Assets | 528,588 |
| TOTAL ASSETS | 2,478,307,386 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,967 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 35,640,566 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 421,886,460 |
| Regular shares | 635,562,076 |
| All Other Shares & Deposits | 1,117,868,184 |
| TOTAL SHARES & DEPOSITS | 2,175,316,720 |
| TOTAL LIABILITIES | 2,211,065,411 |
| Regular Reserve | 0 |
| Other Reserves | 8,002,917 |
| Undivided Earnings | 259,239,058 |
| TOTAL EQUITY | 267,241,975 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,478,307,386 |
| INCOME & EXPENSE | |
| Loan Income | 96,602,315 |
| Investment Income | 13,140,403 |
| Other Income | 13,276,752 |
| Total Employee Compensation & Benefits | 48,986,820 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 40,420,145 |
| Non-operating Income & (Expense) | -83,321 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,921,294 |
| Cost of Funds | 28,050,740 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 19,025,750 |
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