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PEOPLES FEDERAL CREDIT UNION

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

Call Report

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

Financial Summary

» See also Statement of Financial Condition
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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