Dec, 31, 2023 — PRECISION FEDERAL CREDIT UNION is a federal credit union headquartered in KEENE, NH with 1 branch location and about $26.08 million in total assets. Opened 71 years ago in 1953, PRECISION FEDERAL CREDIT UNION has about 1,740 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PRECISION FEDERAL CREDIT UNION |
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Address: (Main Office) | 7 Optical Ave KEENE, NH 03431-4320 |
Phone: | (603) 355-4527 |
Fax: | (603) 358-4799 |
Website: | https://www.tspcu.org |
Branches: | 1 branch locations |
Members: | 1,740 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24816 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $26,077,809 |
CEO/Manager: | Pamela Bailey |
Chairperson: | Mark E Meany |
ASSETS: | $ Amount |
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Cash & Equivalents | 725,848 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,363,918 |
Unsecured Loans | 851,752 |
Other Loans | 5,634,310 |
TOTAL LOANS | 11,849,980 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,786 |
Land And Building | 0 |
Other Fixed Assets | 29,227 |
NCUSIF Deposit | 222,301 |
All Other Assets | 0 |
TOTAL ASSETS | 26,077,809 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 13,107 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,160,351 |
Regular shares | 11,589,369 |
All Other Shares & Deposits | 8,449,172 |
TOTAL SHARES & DEPOSITS | 23,198,892 |
TOTAL LIABILITIES | 23,211,999 |
Regular Reserve | 0 |
Other Reserves | 358,172 |
Undivided Earnings | 2,507,638 |
TOTAL EQUITY | 2,865,810 |
TOTAL LIABILITIES, SHARES, & EQUITY | 26,077,809 |
INCOME & EXPENSE | |
Loan Income | 700,382 |
Investment Income | 400,741 |
Other Income | 59,427 |
Total Employee Compensation & Benefits | 470,408 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 288,086 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 59,000 |
Cost of Funds | 182,673 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 235,161 |
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