Service. Value. Convenience. Trust.
- Real Estate Loans
- Auto Loans
- Personal Loans
- Share Accounts
- About PFFCU
In addition, the Supervisory Committee works with the National Credit Union Administration (NCUA), our federal regulator, when it conducts its annual examination of PFFCU. The Supervisory Committee also oversees the internal audit group to ensure PFFCU operations are in compliance with PFFCU’s policies and procedures and that internal controls exist to protect member assets.
We are pleased to report that the annual audit conducted by CliftonLarsonAllen LLP for 2016 was completed successfully and PFFCU’s financial statements were certified without qualification in March, 2017. The Supervisory Committee concurs with this assessment. CliftonLarsonAllen LLP has been hired to perform the annual audit of PFFCU’s 2017 financial statements and its audit opinion is expected in March, 2018. The Committee is pleased to report that PFFCU is a financially sound organization dedicated to serving its members.
Anne Kelly King, Chairperson
Unconsolidated Statement of Financial Condition
|as of: 12/31/16 (Unaudited)|
|Cash & Cash Equivalents||$521,152,000|
|Home Equity Loans & HELOC||$436,178,000|
|Allowance for Loan Losses||($16,018,000)|
|Savings & Checking & Escrow||$1,051,017,000|
|Total Member Deposits||$3,730,967,000|
|Total Liabilities and Equity||$4,598,059,000|
|Net Worth/Total Assets||17.7%|
|Loan Growth (including sold mortgage loans)||6%|
|Total Asset Growth||5%|
|# of Households||187,158|
|# of Checking Accounts||215,679|
|# of Full and Part-time Staff Members||689|