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FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION

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.


ABA Routing Number: 252177121
Name:FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION
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
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

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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