Dec, 31, 2023 — PEOPLES FEDERAL CREDIT UNION is a federal credit union headquartered in NITRO, WV with 5 branch locations and about $115.74 million in total assets. Opened 59 years ago in 1965, PEOPLES FEDERAL CREDIT UNION has about 10,996 members and employs 29 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: | 10,996 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $115,743,726 |
| CEO/Manager: | Andrew P Myers |
| Chairperson: | Jesse W Scott II |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,555,370 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 43,958,158 |
| Unsecured Loans | 5,874,095 |
| Other Loans | 55,426,506 |
| TOTAL LOANS | 106,129,366 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -831,952 |
| Land And Building | 2,431,949 |
| Other Fixed Assets | 462,443 |
| NCUSIF Deposit | 1,022,115 |
| All Other Assets | 91,400 |
| TOTAL ASSETS | 115,743,726 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 895,583 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,878,224 |
| Regular shares | 58,289,901 |
| All Other Shares & Deposits | 18,806,156 |
| TOTAL SHARES & DEPOSITS | 97,974,281 |
| TOTAL LIABILITIES | 98,869,864 |
| Regular Reserve | 0 |
| Other Reserves | 2,232,571 |
| Undivided Earnings | 14,641,291 |
| TOTAL EQUITY | 16,873,862 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 115,743,726 |
| INCOME & EXPENSE | |
| Loan Income | 5,969,746 |
| Investment Income | 99,985 |
| Other Income | 692,950 |
| Total Employee Compensation & Benefits | 2,605,927 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,429,463 |
| Non-operating Income & (Expense) | 3,031 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 293,313 |
| Cost of Funds | 550,406 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,849,657 |
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» See also Statement of Financial Condition