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PORTLAND LOCAL NO 8 FEDERAL CREDIT UNION

Sep, 30, 2021 — PORTLAND LOCAL NO 8 FEDERAL CREDIT UNION is a federal credit union headquartered in Portland, OR with 1 branch location and about $40.92 million in total assets. Opened 68 years ago in 1954, PORTLAND LOCAL NO 8 FEDERAL CREDIT UNION has about 2,462 members and employs 11 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:2,462
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$40,915,186
CEO/Manager:Brook Hamilton
Chairperson:Roderick O'Hearn

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 10,727,719
TOTAL INVESTMENTS 5,048,097
Loans Held for Sale 0
 
 Real Estate Loans 13,585,255
 Unsecured Loans 2,412,074
 Other Loans 8,121,750
 TOTAL LOANS 24,119,079
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -35,874
 Land And Building 0
 Other Fixed Assets 374,682
 NCUSIF Deposit 298,250
 All Other Assets 383,233
  TOTAL ASSETS 40,915,186
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 155,182
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,872,952
 Regular shares 23,151,030
 All Other Shares & Deposits 7,512,799
  TOTAL SHARES & DEPOSITS 36,536,781
  TOTAL LIABILITIES 36,691,963
 Regular Reserve 1,027,958
 Other Reserves 0
 Undivided Earnings 3,195,265
  TOTAL EQUITY 4,223,223
  TOTAL LIABILITIES, SHARES, & EQUITY 40,915,186
INCOME & EXPENSE  
 Loan Income 918,161
 Investment Income 41,189
 Other Income 96,261
 Total Employee Compensation & Benefits 600,260
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 574,547
 Non-operating Income & (Expense) 168,880
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -22,173
 Cost of Funds 79,637
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 138,736
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