Dec, 31, 2023 — COMMUNITY POWERED FEDERAL CREDIT UNION is a federal credit union headquartered in BEAR, DE with 3 branch locations and about $120.93 million in total assets. Opened 62 years ago in 1962, COMMUNITY POWERED FEDERAL CREDIT UNION has about 8,131 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMUNITY POWERED FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1758 Pulaski Hwy BEAR, DE 19701-1712 |
| Phone: | (302) 392-2930 |
| Fax: | (302) 392-2940 |
| Website: | https://cpwrfcu.org |
| Branches: | 3 branch locations |
| Members: | 8,131 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15185 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $120,929,529 |
| CEO/Manager: | Douglas G Troskey |
| Chairperson: | Gerald Connor |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,149,287 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 42,649,203 |
| Unsecured Loans | 3,605,701 |
| Other Loans | 7,859,944 |
| TOTAL LOANS | 54,114,848 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -632,100 |
| Land And Building | 4,964,471 |
| Other Fixed Assets | 109,713 |
| NCUSIF Deposit | 1,080,432 |
| All Other Assets | 0 |
| TOTAL ASSETS | 120,929,529 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 488,340 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,053,396 |
| Regular shares | 48,283,337 |
| All Other Shares & Deposits | 35,403,043 |
| TOTAL SHARES & DEPOSITS | 104,739,776 |
| TOTAL LIABILITIES | 105,231,286 |
| Regular Reserve | 0 |
| Other Reserves | -1,177,154 |
| Undivided Earnings | 16,875,397 |
| TOTAL EQUITY | 15,698,243 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 120,929,529 |
| INCOME & EXPENSE | |
| Loan Income | 2,681,517 |
| Investment Income | 2,357,102 |
| Other Income | 611,933 |
| Total Employee Compensation & Benefits | 1,656,654 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,307,501 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 318,627 |
| Cost of Funds | 314,871 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,193,573 |
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