Mar, 31, 2022 — P.I.A.S. CREDIT UNION is a federally insured state chartered credit union headquartered in NASHVILLE, TN with 1 branch location and about $5.82 million in total assets. Opened 61 years ago in 1961, P.I.A.S. CREDIT UNION has about 712 members and employs 3 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.I.A.S. CREDIT UNION |
|---|---|
| Address: (Main Office) | 305 Plus Park Blvd NASHVILLE, TN 37217 |
| Phone: | (615) 360-9951 |
| Fax: | (615) 360-9954 |
| Website: | http://piascu.org |
| Branches: | 1 branch locations |
| Members: | 712 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67779 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,820,629 |
| CEO/Manager: | Edward Chalifoux |
| Chairperson: | Webb McQuiddy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,062,271 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 200,104 |
| Unsecured Loans | 185,675 |
| Other Loans | 2,179,951 |
| TOTAL LOANS | 2,565,730 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,871 |
| Land And Building | 0 |
| Other Fixed Assets | 4,449 |
| NCUSIF Deposit | 47,296 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,820,629 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,600 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,416 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 184,866 |
| Regular shares | 3,630,663 |
| All Other Shares & Deposits | 1,316,024 |
| TOTAL SHARES & DEPOSITS | 5,131,553 |
| TOTAL LIABILITIES | 5,146,569 |
| Regular Reserve | 0 |
| Other Reserves | -209,940 |
| Undivided Earnings | 884,000 |
| TOTAL EQUITY | 674,060 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,820,629 |
| INCOME & EXPENSE | |
| Loan Income | 31,330 |
| Investment Income | 8,970 |
| Other Income | 1,285 |
| Total Employee Compensation & Benefits | 22,713 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 29,204 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 300 |
| Cost of Funds | 1,480 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -6,803 |
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