Dec, 31, 2023 — PEOPLE'S ALLIANCE FEDERAL CREDIT UNION is a federal credit union headquartered in HAUPPAUGE, NY with 8 branch locations and about $321.37 million in total assets. Opened 84 years ago in 1940, PEOPLE'S ALLIANCE FEDERAL CREDIT UNION has about 34,686 members and employs 77 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PEOPLE'S ALLIANCE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 125 Wireless Blvd HAUPPAUGE, NY 11788-3971 |
| Phone: | (631) 434-3500 |
| Fax: | (631) 434-6652 |
| Website: | https://www.pafcu.org |
| Branches: | 8 branch locations |
| Members: | 34,686 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3633 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $321,371,820 |
| CEO/Manager: | Carol A Allen |
| Chairperson: | Diane Goerz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 38,497,649 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 45,775,576 |
| Unsecured Loans | 30,948,587 |
| Other Loans | 91,138,464 |
| TOTAL LOANS | 167,862,627 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,156,793 |
| Land And Building | 2,135,499 |
| Other Fixed Assets | 505,531 |
| NCUSIF Deposit | 2,756,705 |
| All Other Assets | 0 |
| TOTAL ASSETS | 321,371,820 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 259,926 |
| Notes & Interest Payable | 457,030 |
| Accounts Payable & Other Liabilities | 6,893,130 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 52,492,625 |
| Regular shares | 134,732,939 |
| All Other Shares & Deposits | 97,091,000 |
| TOTAL SHARES & DEPOSITS | 284,316,564 |
| TOTAL LIABILITIES | 291,926,650 |
| Regular Reserve | 0 |
| Other Reserves | -3,150,080 |
| Undivided Earnings | 32,595,250 |
| TOTAL EQUITY | 29,445,170 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 321,371,820 |
| INCOME & EXPENSE | |
| Loan Income | 8,934,874 |
| Investment Income | 3,678,014 |
| Other Income | 3,103,803 |
| Total Employee Compensation & Benefits | 6,161,996 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,791,934 |
| Non-operating Income & (Expense) | 2,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,631,468 |
| Cost of Funds | 2,082,271 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,668,784 |
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