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PORTLAND LOCAL NO 8 FEDERAL CREDIT UNION

Dec, 31, 2020 — PORTLAND LOCAL NO 8 FEDERAL CREDIT UNION is a federal credit union headquartered in Portland, OR with 1 branch location and about $37.11 million in total assets. Opened 67 years ago in 1954, PORTLAND LOCAL NO 8 FEDERAL CREDIT UNION has about 2,428 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:PORTLAND LOCAL NO 8 FEDERAL CREDIT UNION
Address:
(Main Office)
2435 NW Front Ave Ste A
Portland, OR 97209-1824
Phone:(503) 223-9306
Fax:(503) 223-2651
Website:http://www.pdx8fcu.com
Branches:1 branch locations
Members:2,428
Credit Union Type:Federal Credit Union
Charter Number:9288
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1954
Last Audited:Nov 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$37,107,026
CEO/Manager:Jaimie Garver
Chairperson:Roderick O'Hearn

Call Report

  • Credit Builder
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Refund Anticipation Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,447,571
TOTAL INVESTMENTS 3,269,895
Loans Held for Sale 0
 
 Real Estate Loans 14,912,061
 Unsecured Loans 2,363,099
 Other Loans 7,898,266
 TOTAL LOANS 25,386,904
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -72,537
 Land And Building 0
 Other Fixed Assets 419,121
 NCUSIF Deposit 276,119
 All Other Assets 379,953
  TOTAL ASSETS 37,107,026
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 105,474
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,759,612
 Regular shares 21,001,192
 All Other Shares & Deposits 7,156,260
  TOTAL SHARES & DEPOSITS 32,917,064
  TOTAL LIABILITIES 33,022,538
 Regular Reserve 1,027,958
 Other Reserves 0
 Undivided Earnings 3,056,530
  TOTAL EQUITY 4,084,488
  TOTAL LIABILITIES, SHARES, & EQUITY 37,107,026
INCOME & EXPENSE  
 Loan Income 1,414,501
 Investment Income 95,082
 Other Income 301,291
 Total Employee Compensation & Benefits 810,397
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 705,264
 Non-operating Income & (Expense) 122,536
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 61,401
 Cost of Funds 137,097
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 219,251
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