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PARTNERS FINANCIAL FEDERAL CREDIT UNION

Dec, 31, 2023 — PARTNERS FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in Glen Allen, VA with 4 branch locations and about $97.28 million in total assets. Opened 66 years ago in 1958, PARTNERS FINANCIAL FEDERAL CREDIT UNION has about 8,142 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:PARTNERS FINANCIAL FEDERAL CREDIT UNION
Address:
(Main Office)
1200 New York Ave
Glen Allen, VA 23060
Phone:(804) 649-2957
Fax:(804) 261-0554
Website:https://www.partnersffcu.org
Branches:4 branch locations
Members:8,142
Credit Union Type:Federal Credit Union
Charter Number:12456
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1958
Last Audited:Sep 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$97,281,432
CEO/Manager:Johnna C Muncy
Chairperson:Lacy Whittaker

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,810,115
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 16,795,093
 Unsecured Loans 5,641,865
 Other Loans 40,646,973
 TOTAL LOANS 63,083,931
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -94,236
 Land And Building 1,857,511
 Other Fixed Assets 1,023,143
 NCUSIF Deposit 832,781
 All Other Assets 0
  TOTAL ASSETS 97,281,432
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 6,500,000
 Accounts Payable & Other Liabilities 270,075
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 20,027,915
 Regular shares 46,365,097
 All Other Shares & Deposits 17,725,552
  TOTAL SHARES & DEPOSITS 84,118,564
  TOTAL LIABILITIES 90,888,639
 Regular Reserve 0
 Other Reserves -729,978
 Undivided Earnings 7,122,771
  TOTAL EQUITY 6,392,793
  TOTAL LIABILITIES, SHARES, & EQUITY 97,281,432
INCOME & EXPENSE  
 Loan Income 1,774,326
 Investment Income 280,684
 Other Income 298,170
 Total Employee Compensation & Benefits 1,229,696
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,263,037
 Non-operating Income & (Expense) 4,420
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -7,528
 Cost of Funds 153,527
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 8,105
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