Dec, 31, 2022 — PATENT AND TRADEMARK OFFICE FEDERAL CREDIT UNION (PTO FCU) is a federal credit union headquartered in ALEXANDRIA, VA with 3 branch locations and about $46.24 million in total assets. Opened 81 years ago in 1942, PATENT AND TRADEMARK OFFICE FEDERAL CREDIT UNION (PTO FCU) has about 2,825 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PATENT AND TRADEMARK OFFICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 501 Dulany St ALEXANDRIA, VA 22314 |
| Phone: | (571) 272-0350 |
| Fax: | (571) 273-0190 |
| Website: | https://www.ptofcu.org |
| Branches: | 3 branch locations |
| Members: | 2,825 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4936 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $46,237,643 |
| CEO/Manager: | Melinda Edmunds |
| Chairperson: | Raymond K Covington |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,770,216 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,312,618 |
| Unsecured Loans | 5,621,426 |
| Other Loans | 15,839,827 |
| TOTAL LOANS | 27,886,836 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -101,535 |
| Land And Building | 0 |
| Other Fixed Assets | 69,157 |
| NCUSIF Deposit | 423,556 |
| All Other Assets | 0 |
| TOTAL ASSETS | 46,237,643 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 67,386 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,190 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,515,743 |
| Regular shares | 22,703,037 |
| All Other Shares & Deposits | 5,974,235 |
| TOTAL SHARES & DEPOSITS | 43,193,015 |
| TOTAL LIABILITIES | 43,262,591 |
| Regular Reserve | 0 |
| Other Reserves | 1,385,665 |
| Undivided Earnings | 1,589,387 |
| TOTAL EQUITY | 2,975,052 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 46,237,643 |
| INCOME & EXPENSE | |
| Loan Income | 702,466 |
| Investment Income | 148,491 |
| Other Income | 271,858 |
| Total Employee Compensation & Benefits | 663,126 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 336,091 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,539 |
| Cost of Funds | 9,140 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 201,662 |
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