Dec, 31, 2023 — PRINCE GEORGE'S COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in BOWIE, MD with 4 branch locations and about $254.29 million in total assets. Opened 57 years ago in 1967, PRINCE GEORGE'S COMMUNITY FEDERAL CREDIT UNION has about 17,069 members and employs 51 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: | 17,069 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $254,287,084 |
| CEO/Manager: | Diane Coleman Brown |
| Chairperson: | Darryl Jones |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,507,269 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 100,838,395 |
| Unsecured Loans | 23,448,805 |
| Other Loans | 62,484,338 |
| TOTAL LOANS | 186,771,538 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -956,064 |
| Land And Building | 8,047,025 |
| Other Fixed Assets | 160,512 |
| NCUSIF Deposit | 2,122,757 |
| All Other Assets | 0 |
| TOTAL ASSETS | 254,287,084 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,714,323 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 49,257,069 |
| Regular shares | 117,076,365 |
| All Other Shares & Deposits | 52,606,070 |
| TOTAL SHARES & DEPOSITS | 218,939,504 |
| TOTAL LIABILITIES | 221,653,827 |
| Regular Reserve | 0 |
| Other Reserves | 1,423,229 |
| Undivided Earnings | 31,210,028 |
| TOTAL EQUITY | 32,633,257 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 254,287,084 |
| INCOME & EXPENSE | |
| Loan Income | 9,894,746 |
| Investment Income | 719,650 |
| Other Income | 1,784,984 |
| Total Employee Compensation & Benefits | 4,272,326 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,553,008 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 477,230 |
| Cost of Funds | 953,006 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,893,931 |
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