Dec, 31, 2021 — PARTNERSHIP FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in MORTON GROVE, IL with 8 branch locations and about $361.84 million in total assets. Opened 64 years ago in 1958, PARTNERSHIP FINANCIAL CREDIT UNION has about 15,358 members and employs 52 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PARTNERSHIP FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5940 LINCOLN AVE MORTON GROVE, IL 60053 |
| Phone: | (847) 697-3281 |
| Fax: | (847) 675-6847 |
| Website: | http://www.mypfcu.org |
| Branches: | 8 branch locations |
| Members: | 15,358 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62854 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Aug 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $361,844,381 |
| CEO/Manager: | MARYANN E PUSATERI |
| Chairperson: | KATHERINE FRANCE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,260,456 |
| TOTAL INVESTMENTS | 209,409,814 |
| Loans Held for Sale | 314,500 |
| Real Estate Loans | 80,362,344 |
| Unsecured Loans | 8,934,232 |
| Other Loans | 32,875,734 |
| TOTAL LOANS | 122,172,310 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -756,749 |
| Land And Building | 6,973,040 |
| Other Fixed Assets | 1,178,257 |
| NCUSIF Deposit | 3,137,951 |
| All Other Assets | 3,154,802 |
| TOTAL ASSETS | 361,844,381 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,896 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,126,879 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 68,583,214 |
| Regular shares | 235,031,254 |
| All Other Shares & Deposits | 20,587,023 |
| TOTAL SHARES & DEPOSITS | 324,201,491 |
| TOTAL LIABILITIES | 326,331,266 |
| Regular Reserve | 1,905,003 |
| Other Reserves | 19,247,178 |
| Undivided Earnings | 14,360,934 |
| TOTAL EQUITY | 35,513,115 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 361,844,381 |
| INCOME & EXPENSE | |
| Loan Income | 4,578,287 |
| Investment Income | 2,146,131 |
| Other Income | 1,621,254 |
| Total Employee Compensation & Benefits | 3,551,271 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,892,925 |
| Non-operating Income & (Expense) | 1,191,174 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,000 |
| Cost of Funds | 490,458 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,668,643 |
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