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PROMEDICA FEDERAL CREDIT UNION

Jun, 30, 2024 — PROMEDICA FEDERAL CREDIT UNION is a federal credit union headquartered in TOLEDO, OH with 4 branch locations and about $71.90 million in total assets. Opened 52 years ago in 1973, PROMEDICA FEDERAL CREDIT UNION has about 7,178 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:PROMEDICA FEDERAL CREDIT UNION
Address:
(Main Office)
245 N Summit St
TOLEDO, OH 43604-1577
Phone:(419) 479-1300
Fax:(419) 479-4021
Website:https://www.promedicafcu.com
Branches:4 branch locations
Members:7,178
Credit Union Type:Federal Credit Union
Charter Number:21226
Membership Type:Multiple common bond - Primarily health care
Corporate Credit Union:No
Year Opened:1973
Last Audited:Apr 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$71,901,923
CEO/Manager:Richard J Haas, Jr.
Chairperson:Mark Sattler

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 10,557,429
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 4,031,052
 Unsecured Loans 3,824,909
 Other Loans 21,406,676
 TOTAL LOANS 29,262,637
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -123,890
 Land And Building 1,457,226
 Other Fixed Assets 361,995
 NCUSIF Deposit 618,645
 All Other Assets 0
  TOTAL ASSETS 71,901,923
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,368,178
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 14,001,175
 Regular shares 28,127,323
 All Other Shares & Deposits 20,832,800
  TOTAL SHARES & DEPOSITS 62,961,298
  TOTAL LIABILITIES 66,329,476
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 5,572,447
  TOTAL EQUITY 5,572,447
  TOTAL LIABILITIES, SHARES, & EQUITY 71,901,923
INCOME & EXPENSE  
 Loan Income 1,152,856
 Investment Income 340,820
 Other Income 753,588
 Total Employee Compensation & Benefits 1,277,536
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,294,140
 Non-operating Income & (Expense) -1,338
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 62,600
 Cost of Funds 100,852
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -436,269
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