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PARSONS FEDERAL CREDIT UNION

Mar, 31, 2021 — PARSONS FEDERAL CREDIT UNION is a federal credit union headquartered in Pasadena, CA with 2 branch locations and about $261.81 million in total assets. Opened 46 years ago in 1975, PARSONS FEDERAL CREDIT UNION has about 8,428 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.


ABA Routing Number: 322284698
Name:PARSONS FEDERAL CREDIT UNION
Address:
(Main Office)
100 W. Walnut Street
Pasadena, CA 91124
Phone:(626) 440-7000
Fax:(626) 440-9405
Website:http://parsonsfcu.org
Branches:2 branch locations
Members:8,428
Credit Union Type:Federal Credit Union
Charter Number:22141
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1975
Last Audited:Sep 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$261,807,567
CEO/Manager:Ray Crouse
Chairperson:Bruce Hennig

Call Report

  • Commercial Loans
  • Credit Builder
  • Interest Only or Payment Option 1st Mortgage Loans
  • Overdraft Lines of Credit
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Health Savings Accounts
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 20,372,208
TOTAL INVESTMENTS 85,113,064
Loans Held for Sale 0
 
 Real Estate Loans 107,338,596
 Unsecured Loans 10,917,949
 Other Loans 25,945,662
 TOTAL LOANS 144,202,207
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -590,542
 Land And Building 0
 Other Fixed Assets 1,469,191
 NCUSIF Deposit 1,898,315
 All Other Assets 9,343,124
  TOTAL ASSETS 261,807,567
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 13,028,263
 Accounts Payable & Other Liabilities 529,267
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 37,179,285
 Regular shares 72,641,928
 All Other Shares & Deposits 109,949,224
  TOTAL SHARES & DEPOSITS 219,770,437
  TOTAL LIABILITIES 233,327,967
 Regular Reserve 6,000,000
 Other Reserves -941,898
 Undivided Earnings 23,421,498
  TOTAL EQUITY 28,479,600
  TOTAL LIABILITIES, SHARES, & EQUITY 261,807,567
INCOME & EXPENSE  
 Loan Income 1,390,892
 Investment Income 213,217
 Other Income 40,186
 Total Employee Compensation & Benefits 613,711
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 867,440
 Non-operating Income & (Expense) 77,380
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 34,331
 Cost of Funds 300,691
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 149,099
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