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National Credit Union Service Organization

PREMIER FEDERAL CREDIT UNION

Dec, 31, 2023 — PREMIER FEDERAL CREDIT UNION is a federal credit union headquartered in Greensboro, NC with 7 branch locations and about $251.60 million in total assets. Opened 61 years ago in 1963, PREMIER FEDERAL CREDIT UNION has about 27,762 members and employs 71 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 253175889
Name:PREMIER FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 26590
Greensboro, NC 27415
Phone:(336) 370-1286
Fax:(336) 379-3506
Website:https://www.premierfcu.org
Branches:7 branch locations
Members:27,762
Credit Union Type:Federal Credit Union
Charter Number:15863
Membership Type:Multiple common bond - Primarily other manufacturing
Corporate Credit Union:No
Year Opened:1963
Last Audited:Mar 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$251,598,673
CEO/Manager:Lori Thompson
Chairperson:Dennie Smith

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Commercial Loans
  • Indirect Consumer Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 101,364,557
TOTAL INVESTMENTS 14,884,493
Loans Held for Sale 0
 
 Real Estate Loans 20,511,101
 Unsecured Loans 23,759,041
 Other Loans 75,190,085
 TOTAL LOANS 119,826,216
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,088,233
 Land And Building 7,087,172
 Other Fixed Assets 384,489
 NCUSIF Deposit 1,809,373
 All Other Assets 7,330,606
  TOTAL ASSETS 251,598,673
LIABILITIES & CAPITAL:  
 Dividends Payable 101,885
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,329,501
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 49,043,384
 Regular shares 101,469,717
 All Other Shares & Deposits 67,734,612
  TOTAL SHARES & DEPOSITS 218,247,713
  TOTAL LIABILITIES 220,679,099
 Regular Reserve 2,412,746
 Other Reserves 950,015
 Undivided Earnings 27,556,813
  TOTAL EQUITY 30,919,574
  TOTAL LIABILITIES, SHARES, & EQUITY 251,598,673
INCOME & EXPENSE  
 Loan Income 1,826,293
 Investment Income 84,080
 Other Income 449,925
 Total Employee Compensation & Benefits 1,208,607
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,665,840
 Non-operating Income & (Expense) -5
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 136,624
 Cost of Funds 214,052
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 50,475
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