POWERNET Credit Union Profile

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POWERNET

Charter #68042 | NCUA Region 2 | FISCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (813) 621-6454

Fax: (813) 769-0677

Founding Date: N/A

Website: http://www.powernetcu.org

Personnel & Operations

President: McDonnell, Shawn

Manager: Prue, Donald

FT Employees: 14

PT Employees: 2

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 2

Hours: Mon through Wed 8:30 AM to 5:00 PM Thu and

Credit Union Profile Summary

POWERNET is a FISCU Credit Union. With a total of 3,255 members [1], this institution manages approximately $114,324,654 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 9.64% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -6.68% [1].

Financial Snapshot

Total Assets [1]
$114,324,654

Total economic resources.

Total Loans [1]
$32,705,779

Total value of outstanding loans.

Total Deposits [1]
$103,022,567

Total funds deposited by members.

Members [1]
3,255

Number of active members.

Performance Ratios

Net Worth Ratio [1]
9.64%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.72%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
31.75%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↓ -0.20%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↓ -6.68%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -2.57%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

5619 Harney Rd

Tampa, FL, 33610
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 2 branches reported by POWERNET (Charter #68042).

Main Office

Main Office Main Office

Type: Corporate Office

5619 Harney Rd

Tampa, FL 33610

Phone: (813) 621-6454

Services: Member Services, Drive-Thru

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Additional Branches

Jacksonville

JAX Office

Type: Branch Office

966 N Liberty St

Jacksonville, FL 32206

Phone: (904) 359-9050

Services: Member Services

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