Dec, 31, 2023 — PASADENA FEDERAL CREDIT UNION is a federal credit union headquartered in PASADENA, CA with 1 branch location and about $270.88 million in total assets. Opened 89 years ago in 1935, PASADENA FEDERAL CREDIT UNION has about 14,009 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PASADENA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 W Walnut St Fl 8 PASADENA, CA 91124-0001 |
| Phone: | (626) 799-0882 |
| Fax: | |
| Website: | https://www.pfcu.org |
| Branches: | 1 branch locations |
| Members: | 14,009 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 594 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $270,882,562 |
| CEO/Manager: | James Chang |
| Chairperson: | Douglas Duong |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,618,633 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 88,712,096 |
| Unsecured Loans | 13,904,167 |
| Other Loans | 44,621,913 |
| TOTAL LOANS | 147,238,176 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -558,820 |
| Land And Building | 0 |
| Other Fixed Assets | 2,323,168 |
| NCUSIF Deposit | 2,329,605 |
| All Other Assets | 18,596 |
| TOTAL ASSETS | 270,882,562 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 24,933 |
| Notes & Interest Payable | 3,000,000 |
| Accounts Payable & Other Liabilities | 4,538,160 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 46,096,985 |
| Regular shares | 57,323,364 |
| All Other Shares & Deposits | 142,532,514 |
| TOTAL SHARES & DEPOSITS | 245,952,863 |
| TOTAL LIABILITIES | 253,517,383 |
| Regular Reserve | 0 |
| Other Reserves | -4,115,564 |
| Undivided Earnings | 21,480,743 |
| TOTAL EQUITY | 17,365,179 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 270,882,562 |
| INCOME & EXPENSE | |
| Loan Income | 5,962,845 |
| Investment Income | 3,277,089 |
| Other Income | 670,790 |
| Total Employee Compensation & Benefits | 2,547,958 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,507,983 |
| Non-operating Income & (Expense) | -14,108 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 441,640 |
| Cost of Funds | 4,316,030 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -745,203 |
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