Dec, 31, 2023 — PEOPLES CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, CO with 2 branch locations and about $66.45 million in total assets. Opened 68 years ago in 1956, PEOPLES CREDIT UNION has about 3,582 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: | PEOPLES CREDIT UNION |
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Address: (Main Office) | 125 Main St SPRINGFIELD, CO 81073 |
Phone: | (719) 523-6250 |
Fax: | (719) 523-6857 |
Website: | https://www.peoples-cu.com |
Branches: | 2 branch locations |
Members: | 3,582 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66155 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | May 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $66,446,108 |
CEO/Manager: | Deann Billings |
Chairperson: | Linda Lusk |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,841,404 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 28,657,751 |
Unsecured Loans | 1,054,175 |
Other Loans | 23,816,039 |
TOTAL LOANS | 54,017,136 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -512,631 |
Land And Building | 1,250,786 |
Other Fixed Assets | 499,071 |
NCUSIF Deposit | 522,811 |
All Other Assets | 0 |
TOTAL ASSETS | 66,446,108 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 134,526 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 147,345 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,319,918 |
Regular shares | 12,938,075 |
All Other Shares & Deposits | 31,249,467 |
TOTAL SHARES & DEPOSITS | 53,507,460 |
TOTAL LIABILITIES | 53,789,331 |
Regular Reserve | 0 |
Other Reserves | 37,360 |
Undivided Earnings | 12,619,417 |
TOTAL EQUITY | 12,656,777 |
TOTAL LIABILITIES, SHARES, & EQUITY | 66,446,108 |
INCOME & EXPENSE | |
Loan Income | 3,110,763 |
Investment Income | 374,455 |
Other Income | 76,104 |
Total Employee Compensation & Benefits | 1,023,248 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,016,636 |
Non-operating Income & (Expense) | 4,894 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 87,611 |
Cost of Funds | 779,763 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 875,261 |
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