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.
Name: | FIRST PRIORITY FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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