Mar, 31, 2021 — FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in CUMBERLAND, MD with 19 branch locations and about $577.86 million in total assets. Opened 62 years ago in 1959, FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION has about 32,318 members and employs 156 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) | PO BOX 1377 CUMBERLAND, MD 21501-1377 |
| Phone: | (301) 784-3000 |
| Fax: | |
| Website: | http://www.firstpeoples.com |
| Branches: | 19 branch locations |
| Members: | 32,318 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $577,862,019 |
| CEO/Manager: | Stacey Bingaman |
| Chairperson: | Terri Friend |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 156,145,826 |
| TOTAL INVESTMENTS | 13,881,006 |
| Loans Held for Sale | 3,674,701 |
| Real Estate Loans | 273,736,242 |
| Unsecured Loans | 22,577,553 |
| Other Loans | 91,636,161 |
| TOTAL LOANS | 387,949,956 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,365,383 |
| Land And Building | 11,418,327 |
| Other Fixed Assets | 2,724,561 |
| NCUSIF Deposit | 4,070,978 |
| All Other Assets | 3,362,047 |
| TOTAL ASSETS | 577,862,019 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 334,559 |
| Notes & Interest Payable | 12,995,000 |
| Accounts Payable & Other Liabilities | 7,194,075 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 117,454,037 |
| Regular shares | 254,098,602 |
| All Other Shares & Deposits | 124,874,832 |
| TOTAL SHARES & DEPOSITS | 496,427,471 |
| TOTAL LIABILITIES | 516,951,105 |
| Regular Reserve | 3,836,917 |
| Other Reserves | 591,165 |
| Undivided Earnings | 56,482,832 |
| TOTAL EQUITY | 60,910,914 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 577,862,019 |
| INCOME & EXPENSE | |
| Loan Income | 4,075,040 |
| Investment Income | 48,546 |
| Other Income | 1,150,288 |
| Total Employee Compensation & Benefits | 2,408,349 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,611,669 |
| Non-operating Income & (Expense) | 18,675 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 300,000 |
| Cost of Funds | 937,186 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 918,452 |
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