PANHANDLE EDUCATORS FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.pefcu.org for more information.
Dec, 31, 2023 — PANHANDLE EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in Panama City, FL with 6 branch locations and about $263.23 million in total assets. Opened 67 years ago in 1957, PANHANDLE EDUCATORS FEDERAL CREDIT UNION has about 13,872 members and employs 54 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PANHANDLE EDUCATORS FEDERAL CREDIT UNION |
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Address: (Main Office) | 2718 Martin Luther King Jr Blvd Panama City, FL 32405-4408 |
Phone: | (850) 769-3306 |
Fax: | (850) 769-8660 |
Website: | https://www.pefcu.org |
Branches: | 6 branch locations |
Members: | 13,872 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11804 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Sep 01, 2019 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $263,226,517 |
CEO/Manager: | Justin Hall |
Chairperson: | Herman G Daniels |
ASSETS: | $ Amount |
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Cash & Equivalents | 87,167,672 |
TOTAL INVESTMENTS | 42,963,994 |
Loans Held for Sale | 351,489 |
Real Estate Loans | 69,076,266 |
Unsecured Loans | 5,620,373 |
Other Loans | 47,778,743 |
TOTAL LOANS | 123,106,344 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,648,995 |
Land And Building | 7,442,035 |
Other Fixed Assets | 1,050,680 |
NCUSIF Deposit | 2,018,156 |
All Other Assets | 775,142 |
TOTAL ASSETS | 263,226,517 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,456,076 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 68,911,914 |
Regular shares | 97,250,737 |
All Other Shares & Deposits | 61,603,090 |
TOTAL SHARES & DEPOSITS | 227,765,741 |
TOTAL LIABILITIES | 231,221,817 |
Regular Reserve | 1,724,461 |
Other Reserves | 394,251 |
Undivided Earnings | 29,885,988 |
TOTAL EQUITY | 32,004,700 |
TOTAL LIABILITIES, SHARES, & EQUITY | 263,226,517 |
INCOME & EXPENSE | |
Loan Income | 4,457,372 |
Investment Income | 958,495 |
Other Income | 2,478,524 |
Total Employee Compensation & Benefits | 2,567,466 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,848,143 |
Non-operating Income & (Expense) | 51,044 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 380,000 |
Cost of Funds | 470,636 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,679,190 |
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