Jun, 30, 2023 — PRIORITY ONE CREDIT UNION is a federally insured state chartered credit union headquartered in SOUTH PASADENA, CA with 3 branch locations and about $202.09 million in total assets. Opened 94 years ago in 1929, PRIORITY ONE CREDIT UNION has about 16,697 members and employs 43 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PRIORITY ONE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1631 Huntington Dr SOUTH PASADENA, CA 91030-4746 |
| Phone: | (626) 441-1999 |
| Fax: | (626) 441-1756 |
| Website: | https://www.priorityonecu.org |
| Branches: | 3 branch locations |
| Members: | 16,697 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60024 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1929 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $202,092,654 |
| CEO/Manager: | Charles R Wiggington, Sr. |
| Chairperson: | Diedra Harris-Brooks |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 51,066,728 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 50,252,582 |
| Unsecured Loans | 9,662,851 |
| Other Loans | 32,616,229 |
| TOTAL LOANS | 92,531,662 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -449,313 |
| Land And Building | 1,175,399 |
| Other Fixed Assets | 621,388 |
| NCUSIF Deposit | 1,817,082 |
| All Other Assets | 20,709 |
| TOTAL ASSETS | 202,092,654 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 858,086 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 49,264,833 |
| Regular shares | 101,080,660 |
| All Other Shares & Deposits | 36,997,318 |
| TOTAL SHARES & DEPOSITS | 187,342,811 |
| TOTAL LIABILITIES | 188,200,897 |
| Regular Reserve | 0 |
| Other Reserves | -5,496,149 |
| Undivided Earnings | 19,387,906 |
| TOTAL EQUITY | 13,891,757 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 202,092,654 |
| INCOME & EXPENSE | |
| Loan Income | 3,022,349 |
| Investment Income | 1,019,190 |
| Other Income | 2,161,436 |
| Total Employee Compensation & Benefits | 2,920,909 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,702,212 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 177,380 |
| Cost of Funds | 194,325 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 714,460 |
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