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 |
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 |
↑ Back to Top |