Dec, 31, 2023 — PRECISION FEDERAL CREDIT UNION is a federal credit union headquartered in KEENE, NH with 1 branch location and about $26.08 million in total assets. Opened 71 years ago in 1953, PRECISION FEDERAL CREDIT UNION has about 1,740 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PRECISION FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7 Optical Ave KEENE, NH 03431-4320 |
| Phone: | (603) 355-4527 |
| Fax: | (603) 358-4799 |
| Website: | https://www.tspcu.org |
| Branches: | 1 branch locations |
| Members: | 1,740 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24816 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $26,077,809 |
| CEO/Manager: | Pamela Bailey |
| Chairperson: | Mark E Meany |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 725,848 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,363,918 |
| Unsecured Loans | 851,752 |
| Other Loans | 5,634,310 |
| TOTAL LOANS | 11,849,980 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,786 |
| Land And Building | 0 |
| Other Fixed Assets | 29,227 |
| NCUSIF Deposit | 222,301 |
| All Other Assets | 0 |
| TOTAL ASSETS | 26,077,809 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,107 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,160,351 |
| Regular shares | 11,589,369 |
| All Other Shares & Deposits | 8,449,172 |
| TOTAL SHARES & DEPOSITS | 23,198,892 |
| TOTAL LIABILITIES | 23,211,999 |
| Regular Reserve | 0 |
| Other Reserves | 358,172 |
| Undivided Earnings | 2,507,638 |
| TOTAL EQUITY | 2,865,810 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,077,809 |
| INCOME & EXPENSE | |
| Loan Income | 700,382 |
| Investment Income | 400,741 |
| Other Income | 59,427 |
| Total Employee Compensation & Benefits | 470,408 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 288,086 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 59,000 |
| Cost of Funds | 182,673 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 235,161 |
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