Dec, 31, 2023 — PRIMEWAY FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 7 branch locations and about $751.07 million in total assets. Opened 87 years ago in 1937, PRIMEWAY FEDERAL CREDIT UNION has about 50,391 members and employs 135 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PRIMEWAY FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 12811 Northwest Fwy HOUSTON, TX 77040 |
Phone: | (713) 799-6200 |
Fax: | (713) 460-1654 |
Website: | https://www.primewayfcu.com |
Branches: | 7 branch locations |
Members: | 50,391 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2131 |
---|---|
Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $751,065,677 |
CEO/Manager: | Annette Zimmerman |
Chairperson: | Patti Tuma |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 26,004,276 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 296,694,578 |
Unsecured Loans | 32,317,135 |
Other Loans | 240,215,534 |
TOTAL LOANS | 569,227,247 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,421,153 |
Land And Building | 14,713,383 |
Other Fixed Assets | 3,656,062 |
NCUSIF Deposit | 5,841,842 |
All Other Assets | 246,935 |
TOTAL ASSETS | 751,065,677 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 123,127 |
Notes & Interest Payable | 55,000,000 |
Accounts Payable & Other Liabilities | 19,512,475 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 28,000,000 |
Share Drafts | 131,785,982 |
Regular shares | 231,876,927 |
All Other Shares & Deposits | 229,727,828 |
TOTAL SHARES & DEPOSITS | 593,390,738 |
TOTAL LIABILITIES | 696,026,340 |
Regular Reserve | 0 |
Other Reserves | -6,047,803 |
Undivided Earnings | 61,087,140 |
TOTAL EQUITY | 55,039,337 |
TOTAL LIABILITIES, SHARES, & EQUITY | 751,065,677 |
INCOME & EXPENSE | |
Loan Income | 25,055,766 |
Investment Income | 9,200,895 |
Other Income | 2,446,428 |
Total Employee Compensation & Benefits | 11,961,192 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 14,875,888 |
Non-operating Income & (Expense) | 8 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,003,380 |
Cost of Funds | 9,988,164 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,081,776 |
↑ Back to Top |