Dec, 31, 2023 — PEOPLES CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, CO with 2 branch locations and about $66.45 million in total assets. Opened 68 years ago in 1956, PEOPLES CREDIT UNION has about 3,582 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PEOPLES CREDIT UNION |
|---|---|
| Address: (Main Office) | 125 Main St SPRINGFIELD, CO 81073 |
| Phone: | (719) 523-6250 |
| Fax: | (719) 523-6857 |
| Website: | https://www.peoples-cu.com |
| Branches: | 2 branch locations |
| Members: | 3,582 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66155 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $66,446,108 |
| CEO/Manager: | Deann Billings |
| Chairperson: | Linda Lusk |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,841,404 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,657,751 |
| Unsecured Loans | 1,054,175 |
| Other Loans | 23,816,039 |
| TOTAL LOANS | 54,017,136 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -512,631 |
| Land And Building | 1,250,786 |
| Other Fixed Assets | 499,071 |
| NCUSIF Deposit | 522,811 |
| All Other Assets | 0 |
| TOTAL ASSETS | 66,446,108 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 134,526 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 147,345 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,319,918 |
| Regular shares | 12,938,075 |
| All Other Shares & Deposits | 31,249,467 |
| TOTAL SHARES & DEPOSITS | 53,507,460 |
| TOTAL LIABILITIES | 53,789,331 |
| Regular Reserve | 0 |
| Other Reserves | 37,360 |
| Undivided Earnings | 12,619,417 |
| TOTAL EQUITY | 12,656,777 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 66,446,108 |
| INCOME & EXPENSE | |
| Loan Income | 3,110,763 |
| Investment Income | 374,455 |
| Other Income | 76,104 |
| Total Employee Compensation & Benefits | 1,023,248 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,016,636 |
| Non-operating Income & (Expense) | 4,894 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 87,611 |
| Cost of Funds | 779,763 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 875,261 |
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» See also Statement of Financial Condition