Dec, 31, 2023 — PROGRESSIONS CREDIT UNION is a federally insured state chartered credit union headquartered in SPOKANE, WA with 1 branch location and about $87.61 million in total assets. Opened 91 years ago in 1933, PROGRESSIONS CREDIT UNION has about 5,656 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PROGRESSIONS CREDIT UNION |
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Address: (Main Office) | 2919 E Mission AVE SPOKANE, WA 99202-3624 |
Phone: | (509) 535-0191 |
Fax: | (509) 622-2050 |
Website: | https://progressionscu.org |
Branches: | 1 branch locations |
Members: | 5,656 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68255 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1933 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $87,607,581 |
CEO/Manager: | Susan Vuong |
Chairperson: | Douglas Sprecher |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,652,445 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 18,403,813 |
Unsecured Loans | 3,019,048 |
Other Loans | 46,994,794 |
TOTAL LOANS | 68,417,655 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -346,380 |
Land And Building | 5,173,206 |
Other Fixed Assets | 586,994 |
NCUSIF Deposit | 751,469 |
All Other Assets | 54,882 |
TOTAL ASSETS | 87,607,581 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 17,984 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 526,912 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,023,023 |
Regular shares | 27,106,894 |
All Other Shares & Deposits | 36,369,307 |
TOTAL SHARES & DEPOSITS | 78,499,224 |
TOTAL LIABILITIES | 79,044,120 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 8,563,461 |
TOTAL EQUITY | 8,563,461 |
TOTAL LIABILITIES, SHARES, & EQUITY | 87,607,581 |
INCOME & EXPENSE | |
Loan Income | 3,459,981 |
Investment Income | 377,629 |
Other Income | 405,473 |
Total Employee Compensation & Benefits | 1,492,424 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,525,352 |
Non-operating Income & (Expense) | -24,679 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 31,099 |
Cost of Funds | 806,232 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 992,825 |
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