Jun, 30, 2024 — PROVIDENT FEDERAL CREDIT UNION is a federal credit union headquartered in DOVER, DE with 1 branch location and about $12.90 million in total assets. Opened 61 years ago in 1964, PROVIDENT FEDERAL CREDIT UNION has about 1,632 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PROVIDENT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 401 S New St DOVER, DE 19904 |
| Phone: | (302) 734-1133 |
| Fax: | (302) 734-2683 |
| Website: | https://www.providentfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,632 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16364 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,902,320 |
| CEO/Manager: | Francine Wilson |
| Chairperson: | James G Potts |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,746,364 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 47,854 |
| Unsecured Loans | 2,121,064 |
| Other Loans | 2,987,349 |
| TOTAL LOANS | 5,156,267 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -83,927 |
| Land And Building | 133,439 |
| Other Fixed Assets | 75,373 |
| NCUSIF Deposit | 110,480 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,902,320 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,581 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,515,684 |
| Regular shares | 6,817,690 |
| All Other Shares & Deposits | 2,034,511 |
| TOTAL SHARES & DEPOSITS | 11,367,885 |
| TOTAL LIABILITIES | 11,376,466 |
| Regular Reserve | 0 |
| Other Reserves | 414,230 |
| Undivided Earnings | 1,111,624 |
| TOTAL EQUITY | 1,525,854 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,902,320 |
| INCOME & EXPENSE | |
| Loan Income | 357,159 |
| Investment Income | 43,357 |
| Other Income | 98,882 |
| Total Employee Compensation & Benefits | 242,089 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 226,675 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,500 |
| Cost of Funds | 14,946 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 19,925 |
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