Dec, 31, 2023 — PARTNERS 1ST FEDERAL CREDIT UNION is a federal credit union headquartered in FORT WAYNE, IN with 21 branch locations and about $570.59 million in total assets. Opened 72 years ago in 1952, PARTNERS 1ST FEDERAL CREDIT UNION has about 46,573 members and employs 218 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PARTNERS 1ST FEDERAL CREDIT UNION |
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Address: (Main Office) | 1330 Directors Row FORT WAYNE, IN 46808 |
Phone: | (260) 471-8336 |
Fax: | (260) 471-7643 |
Website: | n/a |
Branches: | 21 branch locations |
Members: | 46,573 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7688 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $570,590,098 |
CEO/Manager: | Carla C Bienz |
Chairperson: | Dennis L Baumgartner |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,522,528 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 164,631,361 |
Unsecured Loans | 17,227,586 |
Other Loans | 312,471,301 |
TOTAL LOANS | 494,330,238 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,296,407 |
Land And Building | 17,719,212 |
Other Fixed Assets | 2,189,853 |
NCUSIF Deposit | 4,887,479 |
All Other Assets | 0 |
TOTAL ASSETS | 570,590,098 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 233,859 |
Notes & Interest Payable | 5,300,000 |
Accounts Payable & Other Liabilities | 8,659,031 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 119,212,045 |
Regular shares | 182,893,409 |
All Other Shares & Deposits | 202,560,700 |
TOTAL SHARES & DEPOSITS | 504,666,154 |
TOTAL LIABILITIES | 518,859,044 |
Regular Reserve | 0 |
Other Reserves | 9,360,985 |
Undivided Earnings | 42,370,069 |
TOTAL EQUITY | 51,731,054 |
TOTAL LIABILITIES, SHARES, & EQUITY | 570,590,098 |
INCOME & EXPENSE | |
Loan Income | 21,080,056 |
Investment Income | 726,127 |
Other Income | 5,916,742 |
Total Employee Compensation & Benefits | 14,889,046 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,951,823 |
Non-operating Income & (Expense) | -231,715 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 903,644 |
Cost of Funds | 6,617,400 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 98,854 |
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