Dec, 31, 2023 — PUGET SOUND REFINERY FEDERAL CREDIT UNION is a federal credit union headquartered in ANACORTES, WA with 2 branch locations and about $16.05 million in total assets. Opened 70 years ago in 1954, PUGET SOUND REFINERY FEDERAL CREDIT UNION has about 1,156 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PUGET SOUND REFINERY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 12275 Bartholomew Rd ANACORTES, WA 98221 |
| Phone: | (360) 293-4862 |
| Fax: | (360) 588-1032 |
| Website: | https://psrfcu.org |
| Branches: | 2 branch locations |
| Members: | 1,156 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9145 |
|---|---|
| Membership Type: | Multiple common bond - Primarily petroleum refining |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $16,051,012 |
| CEO/Manager: | Darene Follett |
| Chairperson: | Larry Miner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,116,963 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,938,040 |
| Unsecured Loans | 603,637 |
| Other Loans | 9,291,540 |
| TOTAL LOANS | 13,833,217 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -126,004 |
| Land And Building | 0 |
| Other Fixed Assets | 15,641 |
| NCUSIF Deposit | 144,255 |
| All Other Assets | 0 |
| TOTAL ASSETS | 16,051,012 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 105,528 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 337,827 |
| Regular shares | 9,365,045 |
| All Other Shares & Deposits | 3,875,718 |
| TOTAL SHARES & DEPOSITS | 13,578,590 |
| TOTAL LIABILITIES | 13,684,118 |
| Regular Reserve | 0 |
| Other Reserves | 227,706 |
| Undivided Earnings | 2,139,188 |
| TOTAL EQUITY | 2,366,894 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,051,012 |
| INCOME & EXPENSE | |
| Loan Income | 772,495 |
| Investment Income | 37,339 |
| Other Income | 30,769 |
| Total Employee Compensation & Benefits | 267,765 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 160,052 |
| Non-operating Income & (Expense) | 13,390 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,510 |
| Cost of Funds | 163,352 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 251,053 |
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