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PROVIDENCE FEDERAL CREDIT UNION

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
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
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

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 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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