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PEOPLES FEDERAL CREDIT UNION

Mar, 31, 2021 — PEOPLES FEDERAL CREDIT UNION is a federal credit union headquartered in Nitro, WV with 4 branch locations and about $111.16 million in total assets. Opened 56 years ago in 1965, PEOPLES FEDERAL CREDIT UNION has about 10,903 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:http://www.peoplesfcu.com
Branches:4 branch locations
Members:10,903
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:May 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$111,161,845
CEO/Manager:Andrew P Myers
Chairperson:Jesse W Scott II

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,583,188
TOTAL INVESTMENTS 11,213,269
Loans Held for Sale 0
 
 Real Estate Loans 37,136,119
 Unsecured Loans 3,295,611
 Other Loans 45,400,072
 TOTAL LOANS 86,650,830
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -759,782
 Land And Building 1,852,367
 Other Fixed Assets 167,726
 NCUSIF Deposit 871,691
 All Other Assets 1,582,556
  TOTAL ASSETS 111,161,845
LIABILITIES & CAPITAL:  
 Dividends Payable 1,418
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 462,962
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 20,948,146
 Regular shares 58,043,435
 All Other Shares & Deposits 20,481,878
  TOTAL SHARES & DEPOSITS 99,473,459
  TOTAL LIABILITIES 99,937,839
 Regular Reserve 2,232,571
 Other Reserves 0
 Undivided Earnings 8,991,435
  TOTAL EQUITY 11,224,006
  TOTAL LIABILITIES, SHARES, & EQUITY 111,161,845
INCOME & EXPENSE  
 Loan Income 1,051,799
 Investment Income 59,517
 Other Income 116,029
 Total Employee Compensation & Benefits 552,165
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 427,877
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 73,212
 Cost of Funds 59,990
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 374,993
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