Dec, 31, 2023 — PRIORITY CREDIT UNION is a federally insured state chartered credit union headquartered in ORLANDO, FL with 6 branch locations and about $60.71 million in total assets. Opened 94 years ago in 1930, PRIORITY CREDIT UNION has about 5,441 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PRIORITY CREDIT UNION |
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Address: (Main Office) | 301 E Michigan St ORLANDO, FL 32806-4539 |
Phone: | (407) 425-2561 |
Fax: | (407) 425-0503 |
Website: | https://www.prioritycu.org |
Branches: | 6 branch locations |
Members: | 5,441 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67319 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1930 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $60,705,357 |
CEO/Manager: | Alan Rowe |
Chairperson: | Michael Munguia |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,177,423 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 19,224,418 |
Unsecured Loans | 3,772,318 |
Other Loans | 25,550,691 |
TOTAL LOANS | 48,547,427 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -710,345 |
Land And Building | 501,335 |
Other Fixed Assets | 159,510 |
NCUSIF Deposit | 531,443 |
All Other Assets | 0 |
TOTAL ASSETS | 60,705,357 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,144,795 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,758,875 |
Regular shares | 25,819,695 |
All Other Shares & Deposits | 18,031,531 |
TOTAL SHARES & DEPOSITS | 53,610,101 |
TOTAL LIABILITIES | 54,754,896 |
Regular Reserve | 0 |
Other Reserves | 337,504 |
Undivided Earnings | 5,612,957 |
TOTAL EQUITY | 5,950,461 |
TOTAL LIABILITIES, SHARES, & EQUITY | 60,705,357 |
INCOME & EXPENSE | |
Loan Income | 2,561,866 |
Investment Income | 192,318 |
Other Income | 569,325 |
Total Employee Compensation & Benefits | 1,196,667 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,355,215 |
Non-operating Income & (Expense) | 1,860,187 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 354,914 |
Cost of Funds | 354,423 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,043,072 |
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