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PORTLAND LOCAL NO 8 FEDERAL CREDIT UNION

Jun, 30, 2024 — PORTLAND LOCAL NO 8 FEDERAL CREDIT UNION is a federal credit union headquartered in PORTLAND, OR with 1 branch location and about $41.44 million in total assets. Opened 71 years ago in 1954, PORTLAND LOCAL NO 8 FEDERAL CREDIT UNION has about 2,208 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:https://www.pdx8fcu.com
Branches:1 branch locations
Members:2,208
Credit Union Type:Federal Credit Union
Charter Number:9288
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1954
Last Audited:Dec 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$41,441,277
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 2,370,351
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 14,030,604
 Unsecured Loans 4,551,075
 Other Loans 10,626,599
 TOTAL LOANS 29,208,278
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -150,761
 Land And Building 0
 Other Fixed Assets 318,149
 NCUSIF Deposit 341,259
 All Other Assets 0
  TOTAL ASSETS 41,441,277
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 116,839
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,871,991
 Regular shares 24,464,536
 All Other Shares & Deposits 6,927,445
  TOTAL SHARES & DEPOSITS 37,263,972
  TOTAL LIABILITIES 37,380,811
 Regular Reserve 0
 Other Reserves 887,534
 Undivided Earnings 3,172,932
  TOTAL EQUITY 4,060,466
  TOTAL LIABILITIES, SHARES, & EQUITY 41,441,277
INCOME & EXPENSE  
 Loan Income 1,008,219
 Investment Income 87,314
 Other Income 141,705
 Total Employee Compensation & Benefits 617,567
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 548,926
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 160,265
 Cost of Funds 36,406
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 133,203
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