Sep, 30, 2025 — FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in CUMBERLAND, MD with 20 branch locations and about $631.29 million in total assets. Opened 67 years ago in 1959, FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION has about 34,521 members and employs 151 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 |
|---|---|
| Address: (Main Office) | 153 BALTIMORE ST CUMBERLAND, MD 21502 |
| Phone: | (301) 784-3000 |
| Fax: | |
| Website: | https://www.firstpeoples.com |
| Branches: | 20 branch locations |
| Members: | 34,521 |
| 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, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $631,291,323 |
| CEO/Manager: | Randy Olsen |
| Chairperson: | Jeffrey McKenzie |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 68,235,719 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 3,015,256 |
| Real Estate Loans | 336,624,056 |
| Unsecured Loans | 15,009,302 |
| Other Loans | 104,879,938 |
| TOTAL LOANS | 456,513,296 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,742,409 |
| Land And Building | 10,829,260 |
| Other Fixed Assets | 2,508,141 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,914,924 |
| All Other Assets | 523,785 |
| TOTAL ASSETS | 631,291,323 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 849,286 |
| Notes & Interest Payable | 4,000,000 |
| Accounts Payable & Other Liabilities | 7,973,021 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 116,796,855 |
| Regular shares | 211,308,033 |
| All Other Shares & Deposits | 207,811,907 |
| TOTAL SHARES & DEPOSITS | 535,916,795 |
| TOTAL LIABILITIES | 548,739,102 |
| Regular Reserve | 0 |
| Other Reserves | -54,325 |
| Undivided Earnings | 82,606,546 |
| TOTAL EQUITY | 82,552,221 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 631,291,323 |
| INCOME & EXPENSE | |
| Loan Income | 18,467,532 |
| Investment Income | 3,550,985 |
| Other Income | 3,988,449 |
| Total Employee Compensation & Benefits | 9,404,606 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,899,676 |
| Non-operating Income & (Expense) | 29,854 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 640,000 |
| Cost of Funds | 6,994,010 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,037,968 |
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