Dec, 31, 2023 — PORTLAND LOCAL NO 8 FEDERAL CREDIT UNION is a federal credit union headquartered in PORTLAND, OR with 1 branch location and about $39.97 million in total assets. Opened 70 years ago in 1954, PORTLAND LOCAL NO 8 FEDERAL CREDIT UNION has about 2,147 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PORTLAND LOCAL NO 8 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2435 NW Front Ave Ste A PORTLAND, OR 97209-1824 |
| Phone: | (503) 223-9306 |
| Fax: | (503) 223-2651 |
| Website: | https://www.pdx8fcu.com |
| Branches: | 1 branch locations |
| Members: | 2,147 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9288 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $39,967,688 |
| CEO/Manager: | Jon Labonite |
| Chairperson: | Paul Phillips |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,585,518 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,668,941 |
| Unsecured Loans | 3,903,435 |
| Other Loans | 10,131,538 |
| TOTAL LOANS | 27,703,913 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -202,432 |
| Land And Building | 0 |
| Other Fixed Assets | 237,994 |
| NCUSIF Deposit | 314,715 |
| All Other Assets | 0 |
| TOTAL ASSETS | 39,967,688 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 178,316 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,754,667 |
| Regular shares | 20,590,763 |
| All Other Shares & Deposits | 9,597,299 |
| TOTAL SHARES & DEPOSITS | 35,942,729 |
| TOTAL LIABILITIES | 36,121,045 |
| Regular Reserve | 0 |
| Other Reserves | 949,614 |
| Undivided Earnings | 2,897,029 |
| TOTAL EQUITY | 3,846,643 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 39,967,688 |
| INCOME & EXPENSE | |
| Loan Income | 1,470,158 |
| Investment Income | 232,531 |
| Other Income | 150,656 |
| Total Employee Compensation & Benefits | 1,029,042 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 773,778 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 268,455 |
| Cost of Funds | 237,633 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -222,858 |
| ↑ Back to Top | |