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 |
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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 |
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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 |
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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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