Dec, 31, 2023 — PRIME FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in CUDAHY, WI with 5 branch locations and about $148.92 million in total assets. Opened 101 years ago in 1923, PRIME FINANCIAL CREDIT UNION has about 16,301 members and employs 63 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PRIME FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5656 S Packard Ave CUDAHY, WI 53110-2657 |
| Phone: | (414) 486-4500 |
| Fax: | (414) 486-4510 |
| Website: | https://www.primefinancialcu.org |
| Branches: | 5 branch locations |
| Members: | 16,301 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66449 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1923 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $148,922,554 |
| CEO/Manager: | Christine Moczynski |
| Chairperson: | Thomas Bolton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,823,502 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 48,714,389 |
| Unsecured Loans | 13,049,999 |
| Other Loans | 62,437,549 |
| TOTAL LOANS | 124,201,937 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,787,063 |
| Land And Building | 5,535,177 |
| Other Fixed Assets | 415,813 |
| NCUSIF Deposit | 1,318,306 |
| All Other Assets | 46,400 |
| TOTAL ASSETS | 148,922,554 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 72,637 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,929,600 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 32,671,008 |
| Regular shares | 63,230,268 |
| All Other Shares & Deposits | 35,124,594 |
| TOTAL SHARES & DEPOSITS | 131,025,870 |
| TOTAL LIABILITIES | 135,028,107 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 13,894,447 |
| TOTAL EQUITY | 13,894,447 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 148,922,554 |
| INCOME & EXPENSE | |
| Loan Income | 6,508,298 |
| Investment Income | 825,830 |
| Other Income | 1,627,648 |
| Total Employee Compensation & Benefits | 4,273,883 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,484,306 |
| Non-operating Income & (Expense) | 715,544 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 726,297 |
| Cost of Funds | 423,798 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 960,131 |
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