Dec, 31, 2023 — PRIORITY ONE CREDIT UNION is a federally insured state chartered credit union headquartered in SUNRISE, FL with 2 branch locations and about $141.73 million in total assets. Opened 33 years ago in 1991, PRIORITY ONE CREDIT UNION has about 9,848 members and employs 36 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PRIORITY ONE CREDIT UNION |
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Address: (Main Office) | 3000 N University Dr SUNRISE, FL 33322-1611 |
Phone: | (954) 335-5100 |
Fax: | (954) 572-3119 |
Website: | https://www.priorityonefl.org |
Branches: | 2 branch locations |
Members: | 9,848 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67444 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1991 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $141,725,244 |
CEO/Manager: | Deana Hennessey |
Chairperson: | Barry Ekle |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,839,110 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 56,043,682 |
Unsecured Loans | 7,591,161 |
Other Loans | 47,154,275 |
TOTAL LOANS | 110,789,118 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -793,651 |
Land And Building | 1,006,512 |
Other Fixed Assets | 532,749 |
NCUSIF Deposit | 1,240,864 |
All Other Assets | 0 |
TOTAL ASSETS | 141,725,244 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 20,643 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,544,124 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 31,019,914 |
Regular shares | 58,363,072 |
All Other Shares & Deposits | 38,202,628 |
TOTAL SHARES & DEPOSITS | 127,585,614 |
TOTAL LIABILITIES | 129,150,381 |
Regular Reserve | 0 |
Other Reserves | -658,293 |
Undivided Earnings | 13,233,156 |
TOTAL EQUITY | 12,574,863 |
TOTAL LIABILITIES, SHARES, & EQUITY | 141,725,244 |
INCOME & EXPENSE | |
Loan Income | 5,646,225 |
Investment Income | 469,001 |
Other Income | 883,222 |
Total Employee Compensation & Benefits | 2,551,585 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,641,696 |
Non-operating Income & (Expense) | 507,618 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 375,672 |
Cost of Funds | 912,445 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,790,142 |
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