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 |
| 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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