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PRIMEWAY FEDERAL CREDIT UNION

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.


ABA Routing Number: 313083727
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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
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