Dec, 31, 2023 — PAN AMOCO FEDERAL CREDIT UNION is a federal credit union headquartered in METAIRIE, LA with 1 branch location and about $8.42 million in total assets. Opened 71 years ago in 1953, PAN AMOCO FEDERAL CREDIT UNION has about 1,162 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PAN AMOCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3500 N Causeway Blvd Ste 100 METAIRIE, LA 70002-3520 |
| Phone: | (504) 832-5900 |
| Fax: | (504) 832-5937 |
| Website: | https://panamocofcu.com |
| Branches: | 1 branch locations |
| Members: | 1,162 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8920 |
|---|---|
| Membership Type: | Multiple common bond - Primarily petroleum refining |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jan 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,422,865 |
| CEO/Manager: | BONNIE C GUZZARDI |
| Chairperson: | PIERRE O BROUSSARD |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 386,453 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 93,627 |
| Unsecured Loans | 519,206 |
| Other Loans | 3,710,979 |
| TOTAL LOANS | 4,323,812 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -21,684 |
| Land And Building | 0 |
| Other Fixed Assets | 26,430 |
| NCUSIF Deposit | 71,680 |
| All Other Assets | 0 |
| TOTAL ASSETS | 8,422,865 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,150 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,654,011 |
| Regular shares | 4,500,083 |
| All Other Shares & Deposits | 1,479,116 |
| TOTAL SHARES & DEPOSITS | 7,633,210 |
| TOTAL LIABILITIES | 7,637,360 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 785,505 |
| TOTAL EQUITY | 785,505 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,422,865 |
| INCOME & EXPENSE | |
| Loan Income | 206,405 |
| Investment Income | 38,410 |
| Other Income | 19,984 |
| Total Employee Compensation & Benefits | 165,471 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 170,747 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,235 |
| Cost of Funds | 249,326 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -348,909 |
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