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 |
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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 |
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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 |
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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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