Dec, 31, 2021 — COMMUNITY POWERED FEDERAL CREDIT UNION is a federal credit union headquartered in BEAR, DE with 3 branch locations and about $146.66 million in total assets. Opened 60 years ago in 1962, COMMUNITY POWERED FEDERAL CREDIT UNION has about 8,617 members and employs 20 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 Hwy BEAR, DE 19701-1712 |
| Phone: | (302) 392-2930 |
| Fax: | (302) 392-2940 |
| Website: | https://cpwrfcu.org |
| Branches: | 3 branch locations |
| Members: | 8,617 |
| 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: | $146,658,328 |
| CEO/Manager: | Douglas G Troskey |
| Chairperson: | Gerald Connor |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 60,410,092 |
| TOTAL INVESTMENTS | 25,140,955 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 42,085,731 |
| Unsecured Loans | 3,493,104 |
| Other Loans | 8,744,947 |
| TOTAL LOANS | 54,323,782 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -325,218 |
| Land And Building | 5,188,897 |
| Other Fixed Assets | 141,516 |
| NCUSIF Deposit | 1,236,026 |
| All Other Assets | 542,278 |
| TOTAL ASSETS | 146,658,328 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 429,905 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,024,444 |
| Regular shares | 56,353,513 |
| All Other Shares & Deposits | 53,577,627 |
| TOTAL SHARES & DEPOSITS | 130,955,584 |
| TOTAL LIABILITIES | 131,385,489 |
| Regular Reserve | 3,432,298 |
| Other Reserves | 794,442 |
| Undivided Earnings | 11,046,099 |
| TOTAL EQUITY | 15,272,839 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 146,658,328 |
| INCOME & EXPENSE | |
| Loan Income | 2,391,307 |
| Investment Income | 593,378 |
| Other Income | 510,845 |
| Total Employee Compensation & Benefits | 1,391,177 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,232,073 |
| Non-operating Income & (Expense) | 6,690 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,243 |
| Cost of Funds | 420,378 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 265,768 |
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