Sep, 30, 2022 — PARTNERSHIP FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in MORTON GROVE, IL with 8 branch locations and about $362.19 million in total assets. Opened 65 years ago in 1958, PARTNERSHIP FINANCIAL CREDIT UNION has about 15,092 members and employs 47 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: | 8 branch locations |
| Members: | 15,092 |
| 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: | Feb 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $362,192,133 |
| CEO/Manager: | MARYANN E PUSATERI |
| Chairperson: | KATHERINE FRANCE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,218,509 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 82,769,797 |
| Unsecured Loans | 8,814,312 |
| Other Loans | 39,569,596 |
| TOTAL LOANS | 131,153,705 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -675,381 |
| Land And Building | 6,884,544 |
| Other Fixed Assets | 1,052,221 |
| NCUSIF Deposit | 3,110,243 |
| All Other Assets | 0 |
| TOTAL ASSETS | 362,192,133 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,701 |
| Notes & Interest Payable | 5,000,000 |
| Accounts Payable & Other Liabilities | 2,732,261 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 65,851,133 |
| Regular shares | 239,374,104 |
| All Other Shares & Deposits | 19,072,931 |
| TOTAL SHARES & DEPOSITS | 324,298,168 |
| TOTAL LIABILITIES | 332,034,130 |
| Regular Reserve | 0 |
| Other Reserves | 12,687,978 |
| Undivided Earnings | 17,470,025 |
| TOTAL EQUITY | 30,158,003 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 362,192,133 |
| INCOME & EXPENSE | |
| Loan Income | 3,726,012 |
| Investment Income | 2,443,266 |
| Other Income | 869,495 |
| Total Employee Compensation & Benefits | 2,936,677 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,553,165 |
| Non-operating Income & (Expense) | 719,330 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 826,429 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,204,089 |
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