At Public Service, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We understand that in today's uncertain economic climate, you want to feel confident about where you bank. That's why we are proud to share our strong financial foundation, which highlights our commitment to serving you. With a
net worth of $50,226,141, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. This robust net worth is crucial in providing peace of mind and demonstrating our ability to navigate challenges effectively. Our
net worth ratio of $1,202 showcases a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. This ratio indicates our sound management and commitment to safeguarding your investments. Members' savings are secured through
$95,692,514 in share certificates and
$44,687,116 in money market shares, offering stable and rewarding financial growth opportunities. These options not only help you grow your savings but also reflect our dedication to providing diverse financial products tailored to your needs. Unlike traditional banks, we prioritize our members. With non-member deposits at
$13,334,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. This approach allows us to invest more back into our community and enhance the overall banking experience for you. With
$40,418,274 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. This reinvestment strategy means more opportunities for you as we work to improve our services continually. In terms of lending capacity, we're here for you. With
$5,097 in used auto loans and
$278,169,888 in total loans and leases, our lending capability supports your financial goals across various sectors. Whether you're looking for a new car or planning significant life events, we've got the resources to help make it happen. Our operational efficiency is reflected in our
$3,200,166, which empowers us to continue offering competitive loan rates and solid financial products for our members. This income allows us to keep enhancing the services that matter most to you. We also take pride in having
114 full-time employees and
14 part-time employees who are dedicated to serving you with knowledge and commitment. Our team is always ready to assist you with any questions or needs you may have regarding your finances. Net Shares (Funds available for lending and investments):
$58,682 further illustrate how we manage resources effectively while catering to your needs. Additionally, with a total of
76,058 accounts held by members like you, it's clear that trust is at the core of what we do at Public Service. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Public Service is your trusted partner. Visit us at 3555 West Rd Trenton Mi 48183 or call (734) 676-8666 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at:
https://www.ncua.gov , based on the latest results.
