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PARSONS FEDERAL CREDIT UNION

Dec, 31, 2023 — PARSONS FEDERAL CREDIT UNION is a federal credit union headquartered in Pasadena, CA with 2 branch locations and about $264.67 million in total assets. Opened 49 years ago in 1975, PARSONS FEDERAL CREDIT UNION has about 9,604 members and employs 24 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:https://parsonsfcu.org
Branches:2 branch locations
Members:9,604
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$264,668,403
CEO/Manager:Ray Crouse
Chairperson:Bruce Hennig

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 13,370,646
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 118,974,845
 Unsecured Loans 9,551,275
 Other Loans 37,350,809
 TOTAL LOANS 165,876,929
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -611,104
 Land And Building 0
 Other Fixed Assets 1,005,058
 NCUSIF Deposit 2,067,015
 All Other Assets 54,657
  TOTAL ASSETS 264,668,403
LIABILITIES & CAPITAL:  
 Dividends Payable 6,661
 Notes & Interest Payable 9,000,000
 Accounts Payable & Other Liabilities 1,651,050
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 36,268,579
 Regular shares 72,135,242
 All Other Shares & Deposits 123,185,278
  TOTAL SHARES & DEPOSITS 231,589,099
  TOTAL LIABILITIES 242,246,810
 Regular Reserve 0
 Other Reserves -6,477,927
 Undivided Earnings 28,899,520
  TOTAL EQUITY 22,421,593
  TOTAL LIABILITIES, SHARES, & EQUITY 264,668,403
INCOME & EXPENSE  
 Loan Income 4,323,814
 Investment Income 749,624
 Other Income 95,784
 Total Employee Compensation & Benefits 1,958,035
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,129,883
 Non-operating Income & (Expense) 348,494
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 378,240
 Cost of Funds 912,481
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -506,466
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