Dec, 31, 2020 — FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in CUMBERLAND, MD with 19 branch locations and about $534.46 million in total assets. Opened 62 years ago in 1959, FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION has about 32,137 members and employs 141 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: | 32,137 |
| 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, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $534,459,443 |
| CEO/Manager: | Stacey Bingaman |
| Chairperson: | Terri Friend |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 115,279,946 |
| TOTAL INVESTMENTS | 5,041,836 |
| Loans Held for Sale | 8,302,092 |
| Real Estate Loans | 275,693,078 |
| Unsecured Loans | 19,834,708 |
| Other Loans | 93,672,518 |
| TOTAL LOANS | 389,200,304 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,049,527 |
| Land And Building | 11,323,060 |
| Other Fixed Assets | 2,851,420 |
| NCUSIF Deposit | 4,070,978 |
| All Other Assets | 3,439,334 |
| TOTAL ASSETS | 534,459,443 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 351,822 |
| Notes & Interest Payable | 12,995,000 |
| Accounts Payable & Other Liabilities | 7,694,855 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 103,619,886 |
| Regular shares | 222,709,551 |
| All Other Shares & Deposits | 127,074,464 |
| TOTAL SHARES & DEPOSITS | 453,403,901 |
| TOTAL LIABILITIES | 474,445,578 |
| Regular Reserve | 3,836,917 |
| Other Reserves | 612,567 |
| Undivided Earnings | 55,564,381 |
| TOTAL EQUITY | 60,013,865 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 534,459,443 |
| INCOME & EXPENSE | |
| Loan Income | 16,571,310 |
| Investment Income | 317,689 |
| Other Income | 7,609,700 |
| Total Employee Compensation & Benefits | 8,859,723 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,882,778 |
| Non-operating Income & (Expense) | 331,443 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,373,000 |
| Cost of Funds | 4,471,184 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,243,457 |
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