Jun, 30, 2024 — PRINCE GEORGE'S COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in BOWIE, MD with 4 branch locations and about $249.99 million in total assets. Opened 57 years ago in 1967, PRINCE GEORGE'S COMMUNITY FEDERAL CREDIT UNION has about 17,052 members and employs 46 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PRINCE GEORGE'S COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 15201 Hall RD BOWIE, MD 20721 |
| Phone: | (301) 627-2666 |
| Fax: | (240) 556-1141 |
| Website: | https://www.princegeorgescfcu.org |
| Branches: | 4 branch locations |
| Members: | 17,052 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18271 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $249,994,847 |
| CEO/Manager: | Robert Schroeder |
| Chairperson: | Darryl Jones |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,060,929 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 92,709,676 |
| Unsecured Loans | 19,296,075 |
| Other Loans | 59,361,443 |
| TOTAL LOANS | 171,367,194 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -429,809 |
| Land And Building | 8,145,307 |
| Other Fixed Assets | 36,283 |
| NCUSIF Deposit | 2,094,824 |
| All Other Assets | 0 |
| TOTAL ASSETS | 249,994,847 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,496,892 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 48,174,963 |
| Regular shares | 127,095,461 |
| All Other Shares & Deposits | 44,918,496 |
| TOTAL SHARES & DEPOSITS | 220,188,920 |
| TOTAL LIABILITIES | 221,685,812 |
| Regular Reserve | 0 |
| Other Reserves | 1,423,229 |
| Undivided Earnings | 26,885,806 |
| TOTAL EQUITY | 28,309,035 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 249,994,847 |
| INCOME & EXPENSE | |
| Loan Income | 5,778,405 |
| Investment Income | 312,438 |
| Other Income | 1,207,743 |
| Total Employee Compensation & Benefits | 3,016,353 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,670,903 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 72,699 |
| Cost of Funds | 308,990 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,599,103 |
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