Dec, 31, 2023 — PATRIOT EQUITY CREDIT UNION is a federally insured state chartered credit union headquartered in JACKSON, TN with 1 branch location and about $41.42 million in total assets. Opened 95 years ago in 1929, PATRIOT EQUITY CREDIT UNION has about 2,678 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PATRIOT EQUITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1450 Union University Dr JACKSON, TN 38305 |
| Phone: | (731) 668-1155 |
| Fax: | (731) 668-3673 |
| Website: | https://www.pecujax.org |
| Branches: | 1 branch locations |
| Members: | 2,678 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60082 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1929 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $41,416,725 |
| CEO/Manager: | Fara Hall |
| Chairperson: | Danny Crossett |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,091,512 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,227,565 |
| Unsecured Loans | 1,075,546 |
| Other Loans | 20,351,690 |
| TOTAL LOANS | 32,838,003 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -303,403 |
| Land And Building | 1,937,374 |
| Other Fixed Assets | 125,719 |
| NCUSIF Deposit | 314,750 |
| All Other Assets | 7,000 |
| TOTAL ASSETS | 41,416,725 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 186,201 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,322,149 |
| Regular shares | 13,644,588 |
| All Other Shares & Deposits | 17,587,330 |
| TOTAL SHARES & DEPOSITS | 36,554,068 |
| TOTAL LIABILITIES | 36,740,269 |
| Regular Reserve | 0 |
| Other Reserves | 1,700,000 |
| Undivided Earnings | 2,976,456 |
| TOTAL EQUITY | 4,676,456 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 41,416,725 |
| INCOME & EXPENSE | |
| Loan Income | 2,084,749 |
| Investment Income | 144,596 |
| Other Income | 279,299 |
| Total Employee Compensation & Benefits | 688,123 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 812,064 |
| Non-operating Income & (Expense) | -66,979 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 253,636 |
| Cost of Funds | 643,487 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 169,346 |
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