Dec, 31, 2023 — PYRAMID FEDERAL CREDIT UNION is a federal credit union headquartered in TUCSON, AZ with 4 branch locations and about $238.26 million in total assets. Opened 95 years ago in 1929, PYRAMID FEDERAL CREDIT UNION has about 17,527 members and employs 56 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PYRAMID FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4911 E Broadway Blvd TUCSON, AZ 85711-3611 |
| Phone: | (520) 795-7950 |
| Fax: | (520) 795-0494 |
| Website: | https://www.pyramidfcu.com |
| Branches: | 4 branch locations |
| Members: | 17,527 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24826 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1929 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $238,257,954 |
| CEO/Manager: | Raymond L Lancaster |
| Chairperson: | Bernard Houser |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,417,124 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 64,959,305 |
| Unsecured Loans | 11,163,521 |
| Other Loans | 73,456,403 |
| TOTAL LOANS | 149,579,229 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,257,579 |
| Land And Building | 5,568,357 |
| Other Fixed Assets | 1,076,188 |
| NCUSIF Deposit | 2,134,453 |
| All Other Assets | 8,000 |
| TOTAL ASSETS | 238,257,954 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 180,403 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,472,188 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 3,000,000 |
| Share Drafts | 40,370,637 |
| Regular shares | 76,319,807 |
| All Other Shares & Deposits | 101,612,183 |
| TOTAL SHARES & DEPOSITS | 218,302,627 |
| TOTAL LIABILITIES | 225,955,218 |
| Regular Reserve | 0 |
| Other Reserves | -3,072,772 |
| Undivided Earnings | 15,375,508 |
| TOTAL EQUITY | 12,302,736 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 238,257,954 |
| INCOME & EXPENSE | |
| Loan Income | 7,324,937 |
| Investment Income | 1,863,960 |
| Other Income | 933,325 |
| Total Employee Compensation & Benefits | 4,141,242 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,619,217 |
| Non-operating Income & (Expense) | -28,830 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 678,700 |
| Cost of Funds | 1,511,302 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 399,471 |
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