Dec, 31, 2023 — PENN SOUTH COOPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in NEW YORK, NY with 1 branch location and about $7.62 million in total assets. Opened 61 years ago in 1963, PENN SOUTH COOPERATIVE FEDERAL CREDIT UNION has about 789 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PENN SOUTH COOPERATIVE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 321 8th Ave NEW YORK, NY 10001-4818 |
| Phone: | (212) 765-1517 |
| Fax: | (212) 727-8289 |
| Website: | https://pennsouthcreditunion.org/ |
| Branches: | 1 branch locations |
| Members: | 789 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15459 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,620,402 |
| CEO/Manager: | Robert Pillartz |
| Chairperson: | David Kotkin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,173,632 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 231,828 |
| Other Loans | 0 |
| TOTAL LOANS | 6,485,473 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -220,000 |
| Land And Building | 0 |
| Other Fixed Assets | 30,803 |
| NCUSIF Deposit | 63,603 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,620,402 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 101,604 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 30,866 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,540,337 |
| All Other Shares & Deposits | 3,812,967 |
| TOTAL SHARES & DEPOSITS | 6,353,304 |
| TOTAL LIABILITIES | 6,485,774 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,134,628 |
| TOTAL EQUITY | 1,134,628 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,620,402 |
| INCOME & EXPENSE | |
| Loan Income | 423,157 |
| Investment Income | 16,756 |
| Other Income | 32,161 |
| Total Employee Compensation & Benefits | 309,026 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 211,528 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 142,607 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -188,916 |
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