Dec, 31, 2023 — PARK SIDE FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in WHITEFISH, MT with 8 branch locations and about $397.98 million in total assets. Opened 59 years ago in 1965, PARK SIDE FINANCIAL CREDIT UNION has about 30,250 members and employs 89 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PARK SIDE FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1300 Baker Ave WHITEFISH, MT 59937-2988 |
| Phone: | (406) 862-2652 |
| Fax: | (406) 862-4891 |
| Website: | https://www.parksidefcu.com |
| Branches: | 8 branch locations |
| Members: | 30,250 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68647 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $397,980,028 |
| CEO/Manager: | Jeremy Presta |
| Chairperson: | Carl P Thomas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,569,154 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 184,536,274 |
| Unsecured Loans | 15,272,621 |
| Other Loans | 115,820,961 |
| TOTAL LOANS | 315,629,856 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,147,713 |
| Land And Building | 10,395,705 |
| Other Fixed Assets | 1,433,095 |
| NCUSIF Deposit | 3,453,156 |
| All Other Assets | 29,732 |
| TOTAL ASSETS | 397,980,028 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 22,000,000 |
| Accounts Payable & Other Liabilities | 1,672,970 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 3,000,000 |
| Share Drafts | 75,647,906 |
| Regular shares | 111,369,526 |
| All Other Shares & Deposits | 154,911,028 |
| TOTAL SHARES & DEPOSITS | 341,928,460 |
| TOTAL LIABILITIES | 368,714,072 |
| Regular Reserve | 0 |
| Other Reserves | 2,277,332 |
| Undivided Earnings | 26,988,624 |
| TOTAL EQUITY | 29,265,956 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 397,980,028 |
| INCOME & EXPENSE | |
| Loan Income | 14,662,433 |
| Investment Income | 880,446 |
| Other Income | 1,768,046 |
| Total Employee Compensation & Benefits | 7,167,754 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,759,784 |
| Non-operating Income & (Expense) | 218,545 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 344,341 |
| Cost of Funds | 5,026,412 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 455,273 |
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