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PEOPLES FEDERAL CREDIT UNION

Dec, 31, 2022 — PEOPLES FEDERAL CREDIT UNION is a federal credit union headquartered in NITRO, WV with 5 branch locations and about $125.29 million in total assets. Opened 58 years ago in 1965, PEOPLES FEDERAL CREDIT UNION has about 11,112 members and employs 31 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:11,112
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$125,290,743
CEO/Manager:Andrew P Myers
Chairperson:Jesse W Scott II

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,923,863
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 44,808,547
 Unsecured Loans 4,870,360
 Other Loans 56,905,216
 TOTAL LOANS 107,565,006
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -830,721
 Land And Building 2,578,140
 Other Fixed Assets 435,490
 NCUSIF Deposit 1,056,148
 All Other Assets 123,056
  TOTAL ASSETS 125,290,743
LIABILITIES & CAPITAL:  
 Dividends Payable 1,070
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,049,007
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 21,716,723
 Regular shares 64,668,693
 All Other Shares & Deposits 22,285,283
  TOTAL SHARES & DEPOSITS 108,670,699
  TOTAL LIABILITIES 110,720,776
 Regular Reserve 0
 Other Reserves 2,232,571
 Undivided Earnings 12,337,396
  TOTAL EQUITY 14,569,967
  TOTAL LIABILITIES, SHARES, & EQUITY 125,290,743
INCOME & EXPENSE  
 Loan Income 3,775,184
 Investment Income 90,876
 Other Income 469,785
 Total Employee Compensation & Benefits 1,534,830
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,610,541
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 83,868
 Cost of Funds 180,964
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,656,660
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