Dec, 31, 2023 — PEOPLE FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in ALLENTOWN, PA with 8 branch locations and about $859.82 million in total assets. Opened 74 years ago in 1950, PEOPLE FIRST FEDERAL CREDIT UNION has about 72,277 members and employs 173 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PEOPLE FIRST FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 740 W Hamilton St Ste 300 ALLENTOWN, PA 18101-2474 |
Phone: | (610) 797-7440 |
Fax: | (610) 798-9241 |
Website: | https//www.peoplefirst.com |
Branches: | 8 branch locations |
Members: | 72,277 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6885 |
---|---|
Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $859,823,401 |
CEO/Manager: | Howard Meller |
Chairperson: | Joseph Dragovits |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 34,946,413 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 278,435,176 |
Unsecured Loans | 59,780,477 |
Other Loans | 173,807,238 |
TOTAL LOANS | 512,083,837 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,125,899 |
Land And Building | 5,954,332 |
Other Fixed Assets | 4,598,391 |
NCUSIF Deposit | 7,833,599 |
All Other Assets | 10,000 |
TOTAL ASSETS | 859,823,401 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 7,450,296 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 163,322,152 |
Regular shares | 359,396,362 |
All Other Shares & Deposits | 285,732,468 |
TOTAL SHARES & DEPOSITS | 808,450,982 |
TOTAL LIABILITIES | 815,901,278 |
Regular Reserve | 0 |
Other Reserves | -29,352,531 |
Undivided Earnings | 73,274,654 |
TOTAL EQUITY | 43,922,123 |
TOTAL LIABILITIES, SHARES, & EQUITY | 859,823,401 |
INCOME & EXPENSE | |
Loan Income | 28,176,685 |
Investment Income | 8,157,310 |
Other Income | 4,091,713 |
Total Employee Compensation & Benefits | 15,683,094 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 18,934,223 |
Non-operating Income & (Expense) | -94,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,409,134 |
Cost of Funds | 6,130,598 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,179,911 |
↑ Back to Top |