Dec, 31, 2023 — PROFESSIONAL FIRE FIGHTERS CREDIT UNION is a federally insured state chartered credit union headquartered in SHREVEPORT, LA with 2 branch locations and about $65.63 million in total assets. Opened 85 years ago in 1939, PROFESSIONAL FIRE FIGHTERS CREDIT UNION has about 2,580 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: | PROFESSIONAL FIRE FIGHTERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 9410 Healthplex Dr SHREVEPORT, LA 71106-8146 |
| Phone: | (318) 603-0626 |
| Fax: | (318) 603-0629 |
| Website: | https://www.profirefighterscu.com |
| Branches: | 2 branch locations |
| Members: | 2,580 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62337 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $65,629,613 |
| CEO/Manager: | Bobby D Cannon |
| Chairperson: | William T Howard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,251,831 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,604,322 |
| Unsecured Loans | 2,572,302 |
| Other Loans | 29,167,316 |
| TOTAL LOANS | 37,732,822 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -221,167 |
| Land And Building | 946,301 |
| Other Fixed Assets | 30,616 |
| NCUSIF Deposit | 456,744 |
| All Other Assets | 0 |
| TOTAL ASSETS | 65,629,613 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 216 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 765,002 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,022,196 |
| Regular shares | 22,044,358 |
| All Other Shares & Deposits | 22,723,324 |
| TOTAL SHARES & DEPOSITS | 53,789,878 |
| TOTAL LIABILITIES | 54,555,096 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 11,074,517 |
| TOTAL EQUITY | 11,074,517 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 65,629,613 |
| INCOME & EXPENSE | |
| Loan Income | 1,813,893 |
| Investment Income | 739,702 |
| Other Income | 218,189 |
| Total Employee Compensation & Benefits | 481,768 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 651,715 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 65,000 |
| Cost of Funds | 788,075 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 785,226 |
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