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PROMEDICA FEDERAL CREDIT UNION

Jun, 30, 2021 — PROMEDICA FEDERAL CREDIT UNION is a federal credit union headquartered in Toledo, OH with 4 branch locations and about $68.84 million in total assets. Opened 48 years ago in 1973, PROMEDICA FEDERAL CREDIT UNION has about 7,310 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:http://www.promedicafcu.com
Branches:4 branch locations
Members:7,310
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$68,836,826
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 20,224,347
TOTAL INVESTMENTS 20,573,618
Loans Held for Sale 0
 
 Real Estate Loans 4,553,970
 Unsecured Loans 3,784,097
 Other Loans 17,145,790
 TOTAL LOANS 25,483,857
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -166,933
 Land And Building 1,344,127
 Other Fixed Assets 420,416
 NCUSIF Deposit 578,600
 All Other Assets 378,794
  TOTAL ASSETS 68,836,826
LIABILITIES & CAPITAL:  
 Dividends Payable 232
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 566,366
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 13,322,163
 Regular shares 28,335,397
 All Other Shares & Deposits 20,518,539
  TOTAL SHARES & DEPOSITS 62,176,099
  TOTAL LIABILITIES 62,742,697
 Regular Reserve 765,490
 Other Reserves 0
 Undivided Earnings 5,328,639
  TOTAL EQUITY 6,094,129
  TOTAL LIABILITIES, SHARES, & EQUITY 68,836,826
INCOME & EXPENSE  
 Loan Income 708,165
 Investment Income 206,576
 Other Income 413,437
 Total Employee Compensation & Benefits 793,963
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 784,494
 Non-operating Income & (Expense) -461
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 8,000
 Cost of Funds 79,464
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -283,639
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