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FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION

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.


ABA Routing Number: 252177121
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

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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