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PROVIDENCE FEDERAL CREDIT UNION

Dec, 31, 2023 — PROVIDENCE FEDERAL CREDIT UNION is a federal credit union headquartered in MILWAUKIE, OR with 2 branch locations and about $172.29 million in total assets. Opened 55 years ago in 1969, PROVIDENCE FEDERAL CREDIT UNION has about 15,664 members and employs 36 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:PROVIDENCE FEDERAL CREDIT UNION
Address:
(Main Office)
6400 SE Lake Rd Ste 125
MILWAUKIE, OR 97222-2243
Phone:(503) 215-6090
Fax:(503) 513-8770
Website:https://www.providencecu.org
Branches:2 branch locations
Members:15,664
Credit Union Type:Federal Credit Union
Charter Number:19522
Membership Type:Multiple common bond - Primarily health care
Corporate Credit Union:No
Year Opened:1969
Last Audited:Mar 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$172,293,751
CEO/Manager:Shirley Cate
Chairperson:Mary Savage

Call Report

  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,398,986
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 58,186,510
 Unsecured Loans 14,530,203
 Other Loans 34,735,210
 TOTAL LOANS 107,451,922
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -765,030
 Land And Building 0
 Other Fixed Assets 1,348,566
 NCUSIF Deposit 1,502,062
 All Other Assets 0
  TOTAL ASSETS 172,293,751
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 6,250,000
 Accounts Payable & Other Liabilities 1,737,189
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 33,319,152
 Regular shares 54,355,251
 All Other Shares & Deposits 59,988,362
  TOTAL SHARES & DEPOSITS 147,662,765
  TOTAL LIABILITIES 155,656,733
 Regular Reserve 0
 Other Reserves -1,383,317
 Undivided Earnings 18,020,335
  TOTAL EQUITY 16,637,018
  TOTAL LIABILITIES, SHARES, & EQUITY 172,293,751
INCOME & EXPENSE  
 Loan Income 6,357,254
 Investment Income 679,694
 Other Income 823,610
 Total Employee Compensation & Benefits 3,042,167
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,784,434
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 866,991
 Cost of Funds 1,499,893
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -415,538
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