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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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