Dec, 31, 2023 — P.I.A.S. CREDIT UNION is a federally insured state chartered credit union headquartered in NASHVILLE, TN with 1 branch location and about $4.60 million in total assets. Opened 63 years ago in 1961, P.I.A.S. CREDIT UNION has about 599 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | P.I.A.S. CREDIT UNION |
|---|---|
| Address: (Main Office) | 305 Plus Park Blvd NASHVILLE, TN 37217 |
| Phone: | (615) 360-9951 |
| Fax: | (615) 360-9954 |
| Website: | https://piascu.org |
| Branches: | 1 branch locations |
| Members: | 599 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67779 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,597,803 |
| CEO/Manager: | Edward Chalifoux |
| Chairperson: | Thomas Haley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 117,435 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 160,352 |
| Unsecured Loans | 123,899 |
| Other Loans | 2,058,586 |
| TOTAL LOANS | 2,342,838 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,198 |
| Land And Building | 0 |
| Other Fixed Assets | 1,398 |
| NCUSIF Deposit | 43,519 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,597,803 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 559 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,700 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 152,017 |
| Regular shares | 2,703,422 |
| All Other Shares & Deposits | 967,766 |
| TOTAL SHARES & DEPOSITS | 3,823,205 |
| TOTAL LIABILITIES | 3,833,464 |
| Regular Reserve | 0 |
| Other Reserves | -103,300 |
| Undivided Earnings | 867,639 |
| TOTAL EQUITY | 764,339 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,597,803 |
| INCOME & EXPENSE | |
| Loan Income | 123,688 |
| Investment Income | 46,027 |
| Other Income | 4,676 |
| Total Employee Compensation & Benefits | 93,021 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 75,299 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,000 |
| Cost of Funds | 3,955 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,229 |
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