Dec, 31, 2020 — P & S CREDIT UNION is a federally insured state chartered credit union headquartered in SALT LAKE CITY, UT with 3 branch locations and about $15.74 million in total assets. Opened 41 years ago in 1980, P & S CREDIT UNION has about 1,653 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | P & S CREDIT UNION |
|---|---|
| Address: (Main Office) | 2250 S REDWOOD RD STE 6 SALT LAKE CITY, UT 84119-1356 |
| Phone: | (801) 973-0575 |
| Fax: | (801) 977-8414 |
| Website: | http://www.pandscu.org |
| Branches: | 3 branch locations |
| Members: | 1,653 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67056 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1980 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,740,818 |
| CEO/Manager: | Tammy Morgan |
| Chairperson: | Rick Buchanan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,907,206 |
| TOTAL INVESTMENTS | 65,158 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,055,005 |
| Unsecured Loans | 621,509 |
| Other Loans | 8,988,438 |
| TOTAL LOANS | 12,664,952 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -153,784 |
| Land And Building | 0 |
| Other Fixed Assets | 76,713 |
| NCUSIF Deposit | 131,156 |
| All Other Assets | 49,417 |
| TOTAL ASSETS | 15,740,818 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 311 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,955 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,475,098 |
| Regular shares | 9,705,350 |
| All Other Shares & Deposits | 2,226,731 |
| TOTAL SHARES & DEPOSITS | 14,407,179 |
| TOTAL LIABILITIES | 14,420,445 |
| Regular Reserve | 975,177 |
| Other Reserves | 131,310 |
| Undivided Earnings | 213,886 |
| TOTAL EQUITY | 1,320,373 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,740,818 |
| INCOME & EXPENSE | |
| Loan Income | 577,905 |
| Investment Income | 10,987 |
| Other Income | 141,781 |
| Total Employee Compensation & Benefits | 316,104 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 396,101 |
| Non-operating Income & (Expense) | 356 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 17,463 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,361 |
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