Sep, 30, 2025 — PEOPLES FEDERAL CREDIT UNION is a federal credit union headquartered in NITRO, WV with 5 branch locations and about $125.59 million in total assets. Opened 61 years ago in 1965, PEOPLES FEDERAL CREDIT UNION has about 10,849 members and employs 30 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PEOPLES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 419 1st Ave S NITRO, WV 25143-2313 |
| Phone: | (304) 722-2274 |
| Fax: | (304) 722-2285 |
| Website: | https://www.peoplesfcu.com |
| Branches: | 5 branch locations |
| Members: | 10,849 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16993 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Jul 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $125,587,265 |
| CEO/Manager: | Andrew P Myers |
| Chairperson: | Jesse W Scott II |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,770,940 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 48,796,256 |
| Unsecured Loans | 6,267,167 |
| Other Loans | 40,972,242 |
| TOTAL LOANS | 96,881,637 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -785,323 |
| Land And Building | 2,268,286 |
| Other Fixed Assets | 312,282 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 967,085 |
| All Other Assets | 76,098 |
| TOTAL ASSETS | 125,587,265 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 390 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 555,387 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,389,172 |
| Regular shares | 62,745,276 |
| All Other Shares & Deposits | 20,210,514 |
| TOTAL SHARES & DEPOSITS | 104,344,962 |
| TOTAL LIABILITIES | 104,900,739 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 20,686,526 |
| TOTAL EQUITY | 20,686,526 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 125,587,265 |
| INCOME & EXPENSE | |
| Loan Income | 4,677,647 |
| Investment Income | 542,069 |
| Other Income | 565,143 |
| Total Employee Compensation & Benefits | 2,030,945 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,970,431 |
| Non-operating Income & (Expense) | 472,399 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 630,000 |
| Cost of Funds | 526,182 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,834,852 |
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