Dec, 31, 2023 — PIMA FEDERAL CREDIT UNION is a federal credit union headquartered in TUCSON, AZ with 8 branch locations and about $1.18 billion in total assets. Opened 73 years ago in 1951, PIMA FEDERAL CREDIT UNION has about 65,762 members and employs 129 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PIMA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6850 N Oracle Rd TUCSON, AZ 85704-4223 |
| Phone: | (520) 887-5010 |
| Fax: | |
| Website: | https://www.pimafederal.org |
| Branches: | 8 branch locations |
| Members: | 65,762 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7316 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,177,616,483 |
| CEO/Manager: | Eric Renaud |
| Chairperson: | Linda Kennedy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 45,457,665 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 611,773,011 |
| Unsecured Loans | 42,729,562 |
| Other Loans | 175,127,834 |
| TOTAL LOANS | 829,630,407 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,289,810 |
| Land And Building | 18,241,973 |
| Other Fixed Assets | 4,440,763 |
| NCUSIF Deposit | 8,566,042 |
| All Other Assets | 102,208 |
| TOTAL ASSETS | 1,177,616,483 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 55,604 |
| Notes & Interest Payable | 93,000,000 |
| Accounts Payable & Other Liabilities | 16,129,738 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 205,442,116 |
| Regular shares | 238,008,195 |
| All Other Shares & Deposits | 526,111,397 |
| TOTAL SHARES & DEPOSITS | 969,561,707 |
| TOTAL LIABILITIES | 1,078,747,049 |
| Regular Reserve | 0 |
| Other Reserves | -20,396,883 |
| Undivided Earnings | 119,266,317 |
| TOTAL EQUITY | 98,869,434 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,177,616,483 |
| INCOME & EXPENSE | |
| Loan Income | 35,928,844 |
| Investment Income | 5,559,102 |
| Other Income | 5,691,383 |
| Total Employee Compensation & Benefits | 11,264,567 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 13,527,753 |
| Non-operating Income & (Expense) | 1,739,853 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,424,959 |
| Cost of Funds | 13,347,838 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 15,873,619 |
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