Dec, 31, 2023 — PEOPLE'S CREDIT UNION is a federally insured state chartered credit union headquartered in RAYNE, LA with 1 branch location and about $24.51 million in total assets. Opened 82 years ago in 1942, PEOPLE'S CREDIT UNION has about 3,738 members and employs 7 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'S CREDIT UNION |
|---|---|
| Address: (Main Office) | 904 E TEXAS AVE RAYNE, LA 70578 |
| Phone: | (337) 393-2495 |
| Fax: | (337) 393-2492 |
| Website: | https://peoplescu.info |
| Branches: | 1 branch locations |
| Members: | 3,738 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62564 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $24,512,812 |
| CEO/Manager: | Tina M Simon |
| Chairperson: | Jeffrey Bouillion |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,327,323 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 648,037 |
| Unsecured Loans | 692,661 |
| Other Loans | 8,281,067 |
| TOTAL LOANS | 9,621,765 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -62,995 |
| Land And Building | 1,075,709 |
| Other Fixed Assets | 31,386 |
| NCUSIF Deposit | 209,298 |
| All Other Assets | 0 |
| TOTAL ASSETS | 24,512,812 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 74,991 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -58,023 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,559,368 |
| Regular shares | 16,155,335 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 19,714,703 |
| TOTAL LIABILITIES | 19,731,671 |
| Regular Reserve | 0 |
| Other Reserves | 213,551 |
| Undivided Earnings | 4,567,590 |
| TOTAL EQUITY | 4,781,141 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 24,512,812 |
| INCOME & EXPENSE | |
| Loan Income | 440,095 |
| Investment Income | 223,944 |
| Other Income | 207,471 |
| Total Employee Compensation & Benefits | 233,619 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 519,319 |
| Non-operating Income & (Expense) | 3,349 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 134,236 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 45,028 |
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