Sep, 30, 2025 — POWER FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in PEMBROKE PINES, FL with 6 branch locations and about $945.11 million in total assets. Opened 75 years ago in 1951, POWER FINANCIAL CREDIT UNION has about 33,817 members and employs 163 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | POWER FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2020 NW 150th Ave PEMBROKE PINES, FL 33028-2889 |
| Phone: | (954) 538-4400 |
| Fax: | |
| Website: | https://www.powerfi.org |
| Branches: | 6 branch locations |
| Members: | 33,817 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68445 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $945,105,404 |
| CEO/Manager: | Allan Prindle |
| Chairperson: | George Skillas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 119,502,599 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 590,241,431 |
| Unsecured Loans | 16,366,598 |
| Other Loans | 86,384,910 |
| TOTAL LOANS | 692,992,939 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,454,049 |
| Land And Building | 9,603,009 |
| Other Fixed Assets | 950,155 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 6,687,036 |
| All Other Assets | 102,979 |
| TOTAL ASSETS | 945,105,404 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 48,000,000 |
| Accounts Payable & Other Liabilities | 5,972,839 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 178,989,956 |
| Regular shares | 322,026,147 |
| All Other Shares & Deposits | 263,857,927 |
| TOTAL SHARES & DEPOSITS | 764,874,030 |
| TOTAL LIABILITIES | 818,846,869 |
| Regular Reserve | 0 |
| Other Reserves | -2,136,398 |
| Undivided Earnings | 128,394,933 |
| TOTAL EQUITY | 126,258,535 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 945,105,404 |
| INCOME & EXPENSE | |
| Loan Income | 26,597,739 |
| Investment Income | 4,254,646 |
| Other Income | 2,348,526 |
| Total Employee Compensation & Benefits | 10,201,598 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 7,646,174 |
| Non-operating Income & (Expense) | 558,679 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,201,014 |
| Cost of Funds | 7,285,814 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,587,561 |
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