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FIRST PRIORITY FEDERAL CREDIT UNION

Dec, 31, 2023 — FIRST PRIORITY FEDERAL CREDIT UNION is a federal credit union headquartered in BARBOURSVILLE, WV with 2 branch locations and about $67.23 million in total assets. Opened 99 years ago in 1925, FIRST PRIORITY FEDERAL CREDIT UNION has about 7,175 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 251583978
Name:FIRST PRIORITY FEDERAL CREDIT UNION
Address:
(Main Office)
3570 US Route 60 E
BARBOURSVILLE, WV 25504
Phone:(304) 733-9450
Fax:(304) 302-0584
Website:https://www.firstpriorityfcu.org
Branches:2 branch locations
Members:7,175
Credit Union Type:Federal Credit Union
Charter Number:24649
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1925
Last Audited:May 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$67,234,938
CEO/Manager:Krista L Christian
Chairperson:Phillip A Stapleton

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,173,465
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 7,450,514
 Unsecured Loans 2,098,093
 Other Loans 23,183,660
 TOTAL LOANS 32,732,267
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -315,827
 Land And Building 3,429,373
 Other Fixed Assets 45,915
 NCUSIF Deposit 570,005
 All Other Assets 0
  TOTAL ASSETS 67,234,938
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 616,601
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 16,254,999
 Regular shares 34,554,093
 All Other Shares & Deposits 8,312,641
  TOTAL SHARES & DEPOSITS 59,121,733
  TOTAL LIABILITIES 59,738,334
 Regular Reserve 0
 Other Reserves 1,920,666
 Undivided Earnings 5,575,938
  TOTAL EQUITY 7,496,604
  TOTAL LIABILITIES, SHARES, & EQUITY 67,234,938
INCOME & EXPENSE  
 Loan Income 1,389,821
 Investment Income 720,338
 Other Income 377,491
 Total Employee Compensation & Benefits 1,305,538
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,217,065
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 100
 Cost of Funds 147,909
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 479,201
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