Jun, 30, 2021 — FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in CUMBERLAND, MD with 20 branch locations and about $584.71 million in total assets. Opened 62 years ago in 1959, FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION has about 32,731 members and employs 149 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: | 20 branch locations |
| Members: | 32,731 |
| 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: | $584,712,367 |
| CEO/Manager: | Stacey Bingaman |
| Chairperson: | Stephen Nelson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 152,573,617 |
| TOTAL INVESTMENTS | 11,893,734 |
| Loans Held for Sale | 3,118,957 |
| Real Estate Loans | 288,656,296 |
| Unsecured Loans | 22,330,306 |
| Other Loans | 89,238,028 |
| TOTAL LOANS | 400,224,630 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,561,750 |
| Land And Building | 11,426,995 |
| Other Fixed Assets | 2,860,260 |
| NCUSIF Deposit | 4,321,520 |
| All Other Assets | 3,854,404 |
| TOTAL ASSETS | 584,712,367 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 293,438 |
| Notes & Interest Payable | 12,995,000 |
| Accounts Payable & Other Liabilities | 7,003,614 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 116,291,119 |
| Regular shares | 268,525,434 |
| All Other Shares & Deposits | 118,047,792 |
| TOTAL SHARES & DEPOSITS | 502,864,345 |
| TOTAL LIABILITIES | 523,156,397 |
| Regular Reserve | 3,836,917 |
| Other Reserves | 591,238 |
| Undivided Earnings | 57,127,815 |
| TOTAL EQUITY | 61,555,970 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 584,712,367 |
| INCOME & EXPENSE | |
| Loan Income | 7,940,634 |
| Investment Income | 107,012 |
| Other Income | 2,718,578 |
| Total Employee Compensation & Benefits | 5,035,151 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,430,573 |
| Non-operating Income & (Expense) | 27,360 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 590,000 |
| Cost of Funds | 1,819,509 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,563,435 |
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