Dec, 31, 2023 — PARKS HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in GLENS FALLS, NY with 1 branch location and about $35.69 million in total assets. Opened 59 years ago in 1965, PARKS HERITAGE FEDERAL CREDIT UNION has about 3,890 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PARKS HERITAGE FEDERAL CREDIT UNION |
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Address: (Main Office) | 5 Murray St GLENS FALLS, NY 12801 |
Phone: | (518) 926-4700 |
Fax: | (518) 926-4707 |
Website: | https://www.parksheritagefcu.org |
Branches: | 1 branch locations |
Members: | 3,890 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16933 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $35,686,921 |
CEO/Manager: | Csilla Bell |
Chairperson: | Christopher H Patnode |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,874,556 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 9,151,214 |
Unsecured Loans | 2,890,464 |
Other Loans | 10,160,823 |
TOTAL LOANS | 22,202,501 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -125,282 |
Land And Building | 1,481,270 |
Other Fixed Assets | 62,427 |
NCUSIF Deposit | 312,557 |
All Other Assets | 15,665 |
TOTAL ASSETS | 35,686,921 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 39,510 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,717,560 |
Regular shares | 13,851,254 |
All Other Shares & Deposits | 11,503,814 |
TOTAL SHARES & DEPOSITS | 30,072,628 |
TOTAL LIABILITIES | 30,112,138 |
Regular Reserve | 0 |
Other Reserves | 616,302 |
Undivided Earnings | 4,958,481 |
TOTAL EQUITY | 5,574,783 |
TOTAL LIABILITIES, SHARES, & EQUITY | 35,686,921 |
INCOME & EXPENSE | |
Loan Income | 1,399,490 |
Investment Income | 321,970 |
Other Income | 248,844 |
Total Employee Compensation & Benefits | 611,932 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 965,346 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 105,848 |
Cost of Funds | 293,540 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 364,401 |
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