Dec, 31, 2023 — PERU FEDERAL CREDIT UNION is a federal credit union headquartered in PERU, NY with 4 branch locations and about $51.65 million in total assets. Opened 61 years ago in 1963, PERU FEDERAL CREDIT UNION has about 4,649 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PERU FEDERAL CREDIT UNION |
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Address: (Main Office) | 700 Bear Swamp Rd PERU, NY 12972 |
Phone: | (518) 643-9915 |
Fax: | (518) 643-8903 |
Website: | https://www.mountainvalleyfcu.com |
Branches: | 4 branch locations |
Members: | 4,649 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15516 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $51,648,268 |
CEO/Manager: | Maggie F Pope |
Chairperson: | Kathleen Roach |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,597,685 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 22,828,030 |
Unsecured Loans | 3,651,798 |
Other Loans | 11,979,806 |
TOTAL LOANS | 39,081,493 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -103,576 |
Land And Building | 2,327,384 |
Other Fixed Assets | 156,494 |
NCUSIF Deposit | 482,098 |
All Other Assets | 0 |
TOTAL ASSETS | 51,648,268 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -178,067 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,706,065 |
Regular shares | 24,891,804 |
All Other Shares & Deposits | 11,874,579 |
TOTAL SHARES & DEPOSITS | 47,472,448 |
TOTAL LIABILITIES | 47,294,381 |
Regular Reserve | 0 |
Other Reserves | 246,757 |
Undivided Earnings | 4,107,130 |
TOTAL EQUITY | 4,353,887 |
TOTAL LIABILITIES, SHARES, & EQUITY | 51,648,268 |
INCOME & EXPENSE | |
Loan Income | 2,047,021 |
Investment Income | 212,137 |
Other Income | 177,658 |
Total Employee Compensation & Benefits | 896,774 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 946,290 |
Non-operating Income & (Expense) | 3,763 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 60,342 |
Cost of Funds | 288,432 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 382,129 |
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