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National Credit Union Service Organization

PRIORITY CREDIT UNION

Dec, 31, 2021 — PRIORITY CREDIT UNION is a federally insured state chartered credit union headquartered in ORLANDO, FL with 6 branch locations and about $63.41 million in total assets. Opened 92 years ago in 1930, PRIORITY CREDIT UNION has about 14,145 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 263181423
Name:PRIORITY CREDIT UNION
Address:
(Main Office)
301 E Michigan St
ORLANDO, FL 32806-4539
Phone:(407) 425-2561
Fax:(407) 425-0503
Website:http://www.prioritycu.org
Branches:6 branch locations
Members:14,145
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67319
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1930
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$63,406,816
CEO/Manager:Jerry Morey
Chairperson:Steve Hooks

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,329,357
TOTAL INVESTMENTS 18,488,741
Loans Held for Sale 0
 
 Real Estate Loans 12,921,407
 Unsecured Loans 3,945,250
 Other Loans 24,990,689
 TOTAL LOANS 41,857,346
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -470,500
 Land And Building 408,788
 Other Fixed Assets 201,640
 NCUSIF Deposit 550,029
 All Other Assets 1,041,415
  TOTAL ASSETS 63,406,816
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,155,206
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,158,900
 Regular shares 30,356,030
 All Other Shares & Deposits 17,697,958
  TOTAL SHARES & DEPOSITS 57,212,888
  TOTAL LIABILITIES 58,368,094
 Regular Reserve 1,636,049
 Other Reserves 336,657
 Undivided Earnings 3,066,016
  TOTAL EQUITY 5,038,722
  TOTAL LIABILITIES, SHARES, & EQUITY 63,406,816
INCOME & EXPENSE  
 Loan Income 1,917,461
 Investment Income 173,591
 Other Income 653,938
 Total Employee Compensation & Benefits 1,107,340
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,740,809
 Non-operating Income & (Expense) 1,193,678
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -19,782
 Cost of Funds 63,308
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,202,213
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