Dec, 31, 2021 — PEOPLES FEDERAL CREDIT UNION is a federal credit union headquartered in NITRO, WV with 5 branch locations and about $120.51 million in total assets. Opened 57 years ago in 1965, PEOPLES FEDERAL CREDIT UNION has about 11,202 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 |
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Address: (Main Office) | 419 1st Ave S NITRO, WV 25143-2313 |
Phone: | (304) 722-2274 |
Fax: | (304) 722-2285 |
Website: | http://www.peoplesfcu.com |
Branches: | 5 branch locations |
Members: | 11,202 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16993 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | May 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $120,508,530 |
CEO/Manager: | Andrew P Myers |
Chairperson: | Jesse W Scott II |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,870,915 |
TOTAL INVESTMENTS | 4,819,539 |
Loans Held for Sale | 0 |
Real Estate Loans | 43,239,327 |
Unsecured Loans | 3,827,530 |
Other Loans | 57,280,366 |
TOTAL LOANS | 105,222,663 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -866,130 |
Land And Building | 2,734,553 |
Other Fixed Assets | 239,605 |
NCUSIF Deposit | 985,810 |
All Other Assets | 1,501,575 |
TOTAL ASSETS | 120,508,530 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,028 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 453,095 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 19,672,284 |
Regular shares | 62,461,720 |
All Other Shares & Deposits | 24,809,467 |
TOTAL SHARES & DEPOSITS | 106,943,471 |
TOTAL LIABILITIES | 107,397,594 |
Regular Reserve | 2,232,571 |
Other Reserves | -2 |
Undivided Earnings | 10,878,367 |
TOTAL EQUITY | 13,110,936 |
TOTAL LIABILITIES, SHARES, & EQUITY | 120,508,530 |
INCOME & EXPENSE | |
Loan Income | 4,693,771 |
Investment Income | 422,208 |
Other Income | 529,083 |
Total Employee Compensation & Benefits | 2,237,404 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,774,320 |
Non-operating Income & (Expense) | 596 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 278,172 |
Cost of Funds | 245,145 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,285,229 |
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