Dec, 31, 2021 — POWERNET CREDIT UNION is a federally insured state chartered credit union headquartered in TAMPA, FL with 2 branch locations and about $109.75 million in total assets. Opened 61 years ago in 1961, POWERNET CREDIT UNION has about 3,579 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | POWERNET CREDIT UNION |
---|---|
Address: (Main Office) | 5619 Harney Rd TAMPA, FL 33610 |
Phone: | (813) 621-6454 |
Fax: | (813) 769-0677 |
Website: | http://www.powernetcu.org |
Branches: | 2 branch locations |
Members: | 3,579 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68042 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $109,751,011 |
CEO/Manager: | Donald A Prue |
Chairperson: | Jonathon E Dehmel |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 17,012,235 |
TOTAL INVESTMENTS | 53,143,228 |
Loans Held for Sale | 0 |
Real Estate Loans | 21,145,433 |
Unsecured Loans | 2,298,027 |
Other Loans | 12,827,033 |
TOTAL LOANS | 36,270,493 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -245,561 |
Land And Building | 1,193,000 |
Other Fixed Assets | 107,539 |
NCUSIF Deposit | 786,635 |
All Other Assets | 1,483,442 |
TOTAL ASSETS | 109,751,011 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 267,373 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 21,591,492 |
Regular shares | 23,768,755 |
All Other Shares & Deposits | 55,003,901 |
TOTAL SHARES & DEPOSITS | 100,364,148 |
TOTAL LIABILITIES | 100,631,521 |
Regular Reserve | 1,434,149 |
Other Reserves | 0 |
Undivided Earnings | 7,685,341 |
TOTAL EQUITY | 9,119,490 |
TOTAL LIABILITIES, SHARES, & EQUITY | 109,751,011 |
INCOME & EXPENSE | |
Loan Income | 1,731,371 |
Investment Income | 275,006 |
Other Income | 118,925 |
Total Employee Compensation & Benefits | 823,002 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 892,513 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,000 |
Cost of Funds | 370,306 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 425,734 |
↑ Back to Top |