Mar, 31, 2021 — COMMUNITY POWERED FEDERAL CREDIT UNION is a federal credit union headquartered in BEAR, DE with 3 branch locations and about $144.03 million in total assets. Opened 59 years ago in 1962, COMMUNITY POWERED FEDERAL CREDIT UNION has about 9,237 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMUNITY POWERED FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1758 PULASKI HIGHWAY BEAR, DE 19701 |
| Phone: | (302) 392-2930 |
| Fax: | (302) 392-2940 |
| Website: | https://cpwrfcu.org |
| Branches: | 3 branch locations |
| Members: | 9,237 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15185 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $144,034,620 |
| CEO/Manager: | Douglas G Troskey |
| Chairperson: | Gerald Connor |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 46,087,004 |
| TOTAL INVESTMENTS | 31,887,904 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 45,981,126 |
| Unsecured Loans | 3,402,804 |
| Other Loans | 9,932,167 |
| TOTAL LOANS | 59,316,097 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -354,787 |
| Land And Building | 5,273,057 |
| Other Fixed Assets | 170,240 |
| NCUSIF Deposit | 1,179,041 |
| All Other Assets | 476,064 |
| TOTAL ASSETS | 144,034,620 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 36,323 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 316,568 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,641,903 |
| Regular shares | 55,093,502 |
| All Other Shares & Deposits | 52,462,058 |
| TOTAL SHARES & DEPOSITS | 128,197,463 |
| TOTAL LIABILITIES | 128,550,354 |
| Regular Reserve | 3,432,298 |
| Other Reserves | 1,170,211 |
| Undivided Earnings | 10,881,757 |
| TOTAL EQUITY | 15,484,266 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 144,034,620 |
| INCOME & EXPENSE | |
| Loan Income | 606,336 |
| Investment Income | 185,262 |
| Other Income | 109,530 |
| Total Employee Compensation & Benefits | 343,009 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 521,251 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 109,175 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 101,427 |
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