Jun, 30, 2024 — PROVIDENCE FEDERAL CREDIT UNION is a federal credit union headquartered in MILWAUKIE, OR with 2 branch locations and about $182.33 million in total assets. Opened 56 years ago in 1969, PROVIDENCE FEDERAL CREDIT UNION has about 16,169 members and employs 35 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 |
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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: | 16,169 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19522 |
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Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Mar 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $182,332,492 |
CEO/Manager: | Shirley Cate |
Chairperson: | Mary Savage |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,164,895 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 52,104,277 |
Unsecured Loans | 13,612,399 |
Other Loans | 40,764,498 |
TOTAL LOANS | 106,481,174 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -278,000 |
Land And Building | 0 |
Other Fixed Assets | 1,486,634 |
NCUSIF Deposit | 1,539,833 |
All Other Assets | 0 |
TOTAL ASSETS | 182,332,492 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 5,907,109 |
Accounts Payable & Other Liabilities | 2,346,967 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 40,113,202 |
Regular shares | 71,985,029 |
All Other Shares & Deposits | 45,365,379 |
TOTAL SHARES & DEPOSITS | 157,463,610 |
TOTAL LIABILITIES | 165,717,686 |
Regular Reserve | 0 |
Other Reserves | -2,710,799 |
Undivided Earnings | 19,325,605 |
TOTAL EQUITY | 16,614,806 |
TOTAL LIABILITIES, SHARES, & EQUITY | 182,332,492 |
INCOME & EXPENSE | |
Loan Income | 3,187,418 |
Investment Income | 402,435 |
Other Income | 653,073 |
Total Employee Compensation & Benefits | 1,962,501 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,727,608 |
Non-operating Income & (Expense) | 9,950 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 323,736 |
Cost of Funds | 154,902 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 170,458 |
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