Dec, 31, 2021 — PATENT AND TRADEMARK OFFICE FEDERAL CREDIT UNION (PTO FCU) is a federal credit union headquartered in ALEXANDRIA, VA with 3 branch locations and about $45.90 million in total assets. Opened 80 years ago in 1942, PATENT AND TRADEMARK OFFICE FEDERAL CREDIT UNION (PTO FCU) has about 2,895 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: | http://www.ptofcu.org |
| Branches: | 3 branch locations |
| Members: | 2,895 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4936 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $45,897,301 |
| CEO/Manager: | Melinda Edmunds |
| Chairperson: | Raymond K Covington |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,913,456 |
| TOTAL INVESTMENTS | 15,046,523 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,850,668 |
| Unsecured Loans | 3,305,100 |
| Other Loans | 12,227,848 |
| TOTAL LOANS | 22,383,616 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -130,446 |
| Land And Building | 0 |
| Other Fixed Assets | 56,148 |
| NCUSIF Deposit | 409,196 |
| All Other Assets | 218,808 |
| TOTAL ASSETS | 45,897,301 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 56,137 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,077,015 |
| Regular shares | 22,734,413 |
| All Other Shares & Deposits | 6,256,383 |
| TOTAL SHARES & DEPOSITS | 43,067,811 |
| TOTAL LIABILITIES | 43,123,948 |
| Regular Reserve | 1,385,665 |
| Other Reserves | 0 |
| Undivided Earnings | 1,387,688 |
| TOTAL EQUITY | 2,773,353 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 45,897,301 |
| INCOME & EXPENSE | |
| Loan Income | 816,548 |
| Investment Income | 119,386 |
| Other Income | 133,529 |
| Total Employee Compensation & Benefits | 861,445 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 480,011 |
| Non-operating Income & (Expense) | -819 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 26,908 |
| Cost of Funds | 11,872 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -238,255 |
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