Sep, 30, 2025 — POWERNET CREDIT UNION is a federally insured state chartered credit union headquartered in TAMPA, FL with 2 branch locations and about $117.07 million in total assets. Opened 65 years ago in 1961, POWERNET CREDIT UNION has about 3,216 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: | https://www.powernetcu.org |
| Branches: | 2 branch locations |
| Members: | 3,216 |
| 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, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $117,070,853 |
| CEO/Manager: | Donald A Prue |
| Chairperson: | Shawn P McDonnell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,004,457 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 19,876,009 |
| Unsecured Loans | 1,718,777 |
| Other Loans | 11,258,144 |
| TOTAL LOANS | 32,852,930 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -289,501 |
| Land And Building | 964,326 |
| Other Fixed Assets | 130,971 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 769,851 |
| All Other Assets | 0 |
| TOTAL ASSETS | 117,070,853 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 309,604 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,754,842 |
| Regular shares | 18,952,581 |
| All Other Shares & Deposits | 62,871,587 |
| TOTAL SHARES & DEPOSITS | 105,579,010 |
| TOTAL LIABILITIES | 105,888,614 |
| Regular Reserve | 0 |
| Other Reserves | 1,434,149 |
| Undivided Earnings | 9,748,090 |
| TOTAL EQUITY | 11,182,239 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 117,070,853 |
| INCOME & EXPENSE | |
| Loan Income | 1,434,619 |
| Investment Income | 1,667,836 |
| Other Income | 139,310 |
| Total Employee Compensation & Benefits | 996,730 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 728,991 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 47,500 |
| Cost of Funds | 1,129,223 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 608,514 |
| ↑ Back to Top | |