Dec, 31, 2021 — PARTHENON FEDERAL CREDIT UNION is a federal credit union headquartered in NASHVILLE, TN with 1 branch location and about $17.63 million in total assets. Opened 80 years ago in 1942, PARTHENON FEDERAL CREDIT UNION has about 1,617 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PARTHENON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2204 Rosa L Parks Blvd NASHVILLE, TN 37228-1306 |
| Phone: | (615) 749-6461 |
| Fax: | |
| Website: | http://www.parthenonfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,617 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4809 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,626,088 |
| CEO/Manager: | Mark Bess |
| Chairperson: | Mike Cunningham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,420,016 |
| TOTAL INVESTMENTS | 1,343,141 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,976,564 |
| Unsecured Loans | 1,517,774 |
| Other Loans | 8,050,384 |
| TOTAL LOANS | 12,544,722 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -137,919 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 126,868 |
| All Other Assets | 329,260 |
| TOTAL ASSETS | 17,626,088 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 21,011 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,191,554 |
| Regular shares | 6,284,749 |
| All Other Shares & Deposits | 5,381,867 |
| TOTAL SHARES & DEPOSITS | 14,858,170 |
| TOTAL LIABILITIES | 14,879,181 |
| Regular Reserve | 397,851 |
| Other Reserves | 0 |
| Undivided Earnings | 2,349,056 |
| TOTAL EQUITY | 2,746,907 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,626,088 |
| INCOME & EXPENSE | |
| Loan Income | 596,238 |
| Investment Income | 5,281 |
| Other Income | 118,111 |
| Total Employee Compensation & Benefits | 250,751 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 305,880 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 44,724 |
| Cost of Funds | 25,258 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 141,402 |
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