Dec, 31, 2023 — POMPANO BEACH CITY EMP. CREDIT UNION is a federally insured state chartered credit union headquartered in POMPANO BEACH, FL with 1 branch location and about $30.44 million in total assets. Opened 33 years ago in 1991, POMPANO BEACH CITY EMP. CREDIT UNION has about 2,114 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | POMPANO BEACH CITY EMP. CREDIT UNION |
|---|---|
| Address: (Main Office) | 420 ne 19th ave POMPANO BEACH, FL 33060 |
| Phone: | (954) 785-8710 |
| Fax: | (954) 785-1895 |
| Website: | https://www.pbecu.com |
| Branches: | 1 branch locations |
| Members: | 2,114 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67318 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1991 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,439,790 |
| CEO/Manager: | NANETTE COLLETTE |
| Chairperson: | MICHAEL DEBERRY |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,155,570 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,869,543 |
| Unsecured Loans | 5,472,103 |
| Other Loans | 14,562,474 |
| TOTAL LOANS | 21,904,120 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -124,000 |
| Land And Building | 588,710 |
| Other Fixed Assets | 95,798 |
| NCUSIF Deposit | 211,861 |
| All Other Assets | 0 |
| TOTAL ASSETS | 30,439,790 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 162,071 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,472,207 |
| Regular shares | 8,038,687 |
| All Other Shares & Deposits | 13,928,173 |
| TOTAL SHARES & DEPOSITS | 24,439,071 |
| TOTAL LIABILITIES | 24,601,142 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,838,648 |
| TOTAL EQUITY | 5,838,648 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,439,790 |
| INCOME & EXPENSE | |
| Loan Income | 1,439,426 |
| Investment Income | 228,147 |
| Other Income | 337,503 |
| Total Employee Compensation & Benefits | 817,019 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 871,177 |
| Non-operating Income & (Expense) | -39,864 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 319,861 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 220,208 |
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