Dec, 31, 2023 — PARTNERSHIP FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in MORTON GROVE, IL with 7 branch locations and about $358.16 million in total assets. Opened 66 years ago in 1958, PARTNERSHIP FINANCIAL CREDIT UNION has about 14,771 members and employs 46 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: | https://www.mypfcu.org |
| Branches: | 7 branch locations |
| Members: | 14,771 |
| 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: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $358,164,767 |
| CEO/Manager: | MARYANN E PUSATERI |
| Chairperson: | KATHERINE FRANCE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,733,133 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 88,153,469 |
| Unsecured Loans | 9,738,656 |
| Other Loans | 55,593,011 |
| TOTAL LOANS | 153,485,136 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,133,220 |
| Land And Building | 6,737,049 |
| Other Fixed Assets | 953,261 |
| NCUSIF Deposit | 3,059,999 |
| All Other Assets | 0 |
| TOTAL ASSETS | 358,164,767 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 113,601 |
| Notes & Interest Payable | 5,000,000 |
| Accounts Payable & Other Liabilities | 2,656,600 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 63,275,039 |
| Regular shares | 186,612,868 |
| All Other Shares & Deposits | 66,200,919 |
| TOTAL SHARES & DEPOSITS | 316,088,826 |
| TOTAL LIABILITIES | 323,873,097 |
| Regular Reserve | 0 |
| Other Reserves | 14,707,478 |
| Undivided Earnings | 19,584,192 |
| TOTAL EQUITY | 34,291,670 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 358,164,767 |
| INCOME & EXPENSE | |
| Loan Income | 6,569,938 |
| Investment Income | 7,575,697 |
| Other Income | 1,064,377 |
| Total Employee Compensation & Benefits | 3,900,910 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,687,884 |
| Non-operating Income & (Expense) | 533,558 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 331,762 |
| Cost of Funds | 6,222,630 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,639,084 |
| ↑ Back to Top | |