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PRIORITY CREDIT UNION

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.


ABA Routing Number: 263181423
Name:PRIORITY CREDIT UNION
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
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

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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