Dec, 31, 2023 — PARK COMMUNITY CREDIT UNION is a federal credit union headquartered in LOUISVILLE, KY with 18 branch locations and about $1.33 billion in total assets. Opened 69 years ago in 1955, PARK COMMUNITY CREDIT UNION has about 77,089 members and employs 292 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PARK COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2515 Blankenbaker Pkwy LOUISVILLE, KY 40299-2465 |
| Phone: | (502) 968-3681 |
| Fax: | |
| Website: | https://www.parkcommunity.com/ |
| Branches: | 18 branch locations |
| Members: | 77,089 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24931 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,332,487,097 |
| CEO/Manager: | Jana Erny |
| Chairperson: | Bobby G Willoughby |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 37,329,517 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 761,387,747 |
| Unsecured Loans | 26,163,535 |
| Other Loans | 185,318,685 |
| TOTAL LOANS | 972,869,967 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,982,976 |
| Land And Building | 24,791,800 |
| Other Fixed Assets | 7,795,393 |
| NCUSIF Deposit | 11,166,045 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,332,487,097 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 424 |
| Notes & Interest Payable | 31,000,000 |
| Accounts Payable & Other Liabilities | 21,006,756 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 128,300,000 |
| Share Drafts | 233,570,891 |
| Regular shares | 281,585,250 |
| All Other Shares & Deposits | 568,754,083 |
| TOTAL SHARES & DEPOSITS | 1,083,910,224 |
| TOTAL LIABILITIES | 1,264,217,404 |
| Regular Reserve | 0 |
| Other Reserves | -45,465,834 |
| Undivided Earnings | 113,735,527 |
| TOTAL EQUITY | 68,269,693 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,332,487,097 |
| INCOME & EXPENSE | |
| Loan Income | 44,477,210 |
| Investment Income | 5,988,282 |
| Other Income | 6,083,090 |
| Total Employee Compensation & Benefits | 23,187,798 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 20,955,069 |
| Non-operating Income & (Expense) | 1,568,275 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,144,970 |
| Cost of Funds | 17,687,887 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,855,206 |
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