Sep, 30, 2025 — PRIORITY PLUS FEDERAL CREDIT UNION is a federal credit union headquartered in WILMINGTON, DE with 1 branch location and about $23.16 million in total assets. Opened 91 years ago in 1935, PRIORITY PLUS FEDERAL CREDIT UNION has about 1,916 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PRIORITY PLUS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6 LYNAM ST WILMINGTON, DE 19804 |
| Phone: | (302) 633-6480 |
| Fax: | (302) 633-6481 |
| Website: | https://www.priorityplusfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,916 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 663 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,160,384 |
| CEO/Manager: | Cinnamon Elliott |
| Chairperson: | ROBERT M WILKERSON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,748,046 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,742,144 |
| Unsecured Loans | 1,782,369 |
| Other Loans | 4,022,617 |
| TOTAL LOANS | 8,547,130 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,369 |
| Land And Building | 289,253 |
| Other Fixed Assets | 7,475 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 181,829 |
| All Other Assets | 0 |
| TOTAL ASSETS | 23,160,384 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 584 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 16,988 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,940,524 |
| Regular shares | 10,105,725 |
| All Other Shares & Deposits | 7,007,092 |
| TOTAL SHARES & DEPOSITS | 19,053,341 |
| TOTAL LIABILITIES | 19,070,913 |
| Regular Reserve | 0 |
| Other Reserves | 926,676 |
| Undivided Earnings | 3,162,795 |
| TOTAL EQUITY | 4,089,471 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,160,384 |
| INCOME & EXPENSE | |
| Loan Income | 489,422 |
| Investment Income | 209,864 |
| Other Income | 55,139 |
| Total Employee Compensation & Benefits | 267,412 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 317,793 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,119 |
| Cost of Funds | 155,875 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 70,985 |
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