PEOPLES CHOICE CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.peopleschoicecu.coop for more information.
Dec, 31, 2023 — PEOPLES CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in MEDFORD, WI with 2 branch locations and about $52.48 million in total assets. Opened 84 years ago in 1940, PEOPLES CHOICE CREDIT UNION has about 4,505 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PEOPLES CHOICE CREDIT UNION |
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Address: (Main Office) | PO BOX 567 MEDFORD, WI 54451 |
Phone: | (715) 748-5303 |
Fax: | (715) 748-5330 |
Website: | https://www.peopleschoicecu.coop |
Branches: | 2 branch locations |
Members: | 4,505 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66786 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Sep 01, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $52,475,886 |
CEO/Manager: | Matthew S Schewe |
Chairperson: | Thomas R Judnic |
ASSETS: | $ Amount |
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Cash & Equivalents | 16,112,894 |
TOTAL INVESTMENTS | 6,229,793 |
Loans Held for Sale | 0 |
Real Estate Loans | 19,537,644 |
Unsecured Loans | 339,112 |
Other Loans | 8,987,946 |
TOTAL LOANS | 28,864,702 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -523,607 |
Land And Building | 785,080 |
Other Fixed Assets | 198,616 |
NCUSIF Deposit | 430,718 |
All Other Assets | 377,690 |
TOTAL ASSETS | 52,475,886 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 488,797 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,669,775 |
Regular shares | 15,823,027 |
All Other Shares & Deposits | 26,126,171 |
TOTAL SHARES & DEPOSITS | 49,618,973 |
TOTAL LIABILITIES | 50,107,770 |
Regular Reserve | 1,007,758 |
Other Reserves | 280,701 |
Undivided Earnings | 1,079,657 |
TOTAL EQUITY | 2,368,116 |
TOTAL LIABILITIES, SHARES, & EQUITY | 52,475,886 |
INCOME & EXPENSE | |
Loan Income | 651,502 |
Investment Income | 9,021 |
Other Income | 111,976 |
Total Employee Compensation & Benefits | 359,818 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 448,778 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 525,100 |
Cost of Funds | 154,031 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -590,071 |
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