Sep, 30, 2025 — PENINSULA FEDERAL CREDIT UNION is a federal credit union headquartered in ESCANABA, MI with 4 branch locations and about $349.02 million in total assets. Opened 85 years ago in 1941, PENINSULA FEDERAL CREDIT UNION has about 17,651 members and employs 84 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PENINSULA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2929 3rd Ave N ESCANABA, MI 49829-4203 |
| Phone: | (906) 789-6400 |
| Fax: | (906) 789-6410 |
| Website: | https://www.peninsulafcu.com |
| Branches: | 4 branch locations |
| Members: | 17,651 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4291 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $349,016,315 |
| CEO/Manager: | James D Veneskey |
| Chairperson: | Betty J Trudell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,851,060 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 171,196,765 |
| Unsecured Loans | 26,565,082 |
| Other Loans | 88,605,259 |
| TOTAL LOANS | 286,367,106 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,829,524 |
| Land And Building | 10,987,206 |
| Other Fixed Assets | 1,796,382 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,879,076 |
| All Other Assets | 0 |
| TOTAL ASSETS | 349,016,315 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 634,873 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,360,249 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 36,204,195 |
| Regular shares | 97,328,510 |
| All Other Shares & Deposits | 183,210,352 |
| TOTAL SHARES & DEPOSITS | 316,743,057 |
| TOTAL LIABILITIES | 318,738,179 |
| Regular Reserve | 0 |
| Other Reserves | 703,535 |
| Undivided Earnings | 29,574,601 |
| TOTAL EQUITY | 30,278,136 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 349,016,315 |
| INCOME & EXPENSE | |
| Loan Income | 13,716,388 |
| Investment Income | 1,350,577 |
| Other Income | 496,960 |
| Total Employee Compensation & Benefits | 4,238,452 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,995,260 |
| Non-operating Income & (Expense) | -105,111 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 835,388 |
| Cost of Funds | 5,650,201 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,949,466 |
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