Dec, 31, 2023 — PEOPLE'S CREDIT UNION is a federally insured state chartered credit union headquartered in RAYNE, LA with 1 branch location and about $24.51 million in total assets. Opened 82 years ago in 1942, PEOPLE'S CREDIT UNION has about 3,738 members and employs 7 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 CREDIT UNION |
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Address: (Main Office) | 904 E TEXAS AVE RAYNE, LA 70578 |
Phone: | (337) 393-2495 |
Fax: | (337) 393-2492 |
Website: | https://peoplescu.info |
Branches: | 1 branch locations |
Members: | 3,738 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62564 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1942 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $24,512,812 |
CEO/Manager: | Tina M Simon |
Chairperson: | Jeffrey Bouillion |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,327,323 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 648,037 |
Unsecured Loans | 692,661 |
Other Loans | 8,281,067 |
TOTAL LOANS | 9,621,765 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -62,995 |
Land And Building | 1,075,709 |
Other Fixed Assets | 31,386 |
NCUSIF Deposit | 209,298 |
All Other Assets | 0 |
TOTAL ASSETS | 24,512,812 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 74,991 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -58,023 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,559,368 |
Regular shares | 16,155,335 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 19,714,703 |
TOTAL LIABILITIES | 19,731,671 |
Regular Reserve | 0 |
Other Reserves | 213,551 |
Undivided Earnings | 4,567,590 |
TOTAL EQUITY | 4,781,141 |
TOTAL LIABILITIES, SHARES, & EQUITY | 24,512,812 |
INCOME & EXPENSE | |
Loan Income | 440,095 |
Investment Income | 223,944 |
Other Income | 207,471 |
Total Employee Compensation & Benefits | 233,619 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 519,319 |
Non-operating Income & (Expense) | 3,349 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 134,236 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 45,028 |
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