Dec, 31, 2023 — FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in CUMBERLAND, MD with 20 branch locations and about $579.24 million in total assets. Opened 65 years ago in 1959, FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION has about 33,207 members and employs 157 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 153 BALTIMORE ST CUMBERLAND, MD 21502 |
Phone: | (301) 784-3000 |
Fax: | |
Website: | https://www.firstpeoples.com |
Branches: | 20 branch locations |
Members: | 33,207 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13345 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $579,244,101 |
CEO/Manager: | Randy Olsen |
Chairperson: | Stephen Nelson |
ASSETS: | $ Amount |
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Cash & Equivalents | 33,843,873 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 523,869 |
Real Estate Loans | 316,826,717 |
Unsecured Loans | 14,030,446 |
Other Loans | 116,220,089 |
TOTAL LOANS | 447,077,252 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,490,385 |
Land And Building | 11,255,172 |
Other Fixed Assets | 2,041,816 |
NCUSIF Deposit | 4,721,629 |
All Other Assets | 908,174 |
TOTAL ASSETS | 579,244,101 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 754,276 |
Notes & Interest Payable | 4,000,000 |
Accounts Payable & Other Liabilities | 7,146,587 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 112,230,342 |
Regular shares | 219,228,648 |
All Other Shares & Deposits | 168,866,662 |
TOTAL SHARES & DEPOSITS | 500,325,652 |
TOTAL LIABILITIES | 512,226,515 |
Regular Reserve | 0 |
Other Reserves | -4,213,652 |
Undivided Earnings | 71,231,238 |
TOTAL EQUITY | 67,017,586 |
TOTAL LIABILITIES, SHARES, & EQUITY | 579,244,101 |
INCOME & EXPENSE | |
Loan Income | 18,498,918 |
Investment Income | 4,229,272 |
Other Income | 5,298,392 |
Total Employee Compensation & Benefits | 11,754,667 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,520,805 |
Non-operating Income & (Expense) | 675,012 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 826,000 |
Cost of Funds | 6,009,983 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,131,301 |
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