Mar, 31, 2021 — PRIORITY PLUS FEDERAL CREDIT UNION is a federal credit union headquartered in WILMINGTON, DE with 1 branch location and about $22.32 million in total assets. Opened 86 years ago in 1935, PRIORITY PLUS FEDERAL CREDIT UNION has about 1,938 members and employs 5 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: | http://www.priorityplusfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,938 |
| 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: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,321,529 |
| CEO/Manager: | Susan K Winward |
| Chairperson: | ROBERT M WILKERSON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,938,792 |
| TOTAL INVESTMENTS | 11,196,946 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,375,738 |
| Unsecured Loans | 1,612,770 |
| Other Loans | 4,049,994 |
| TOTAL LOANS | 7,038,502 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -96,829 |
| Land And Building | 348,412 |
| Other Fixed Assets | 38,488 |
| NCUSIF Deposit | 142,535 |
| All Other Assets | 714,683 |
| TOTAL ASSETS | 22,321,529 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 380 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,650 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,795,263 |
| Regular shares | 9,895,001 |
| All Other Shares & Deposits | 6,988,755 |
| TOTAL SHARES & DEPOSITS | 18,679,019 |
| TOTAL LIABILITIES | 18,693,049 |
| Regular Reserve | 926,676 |
| Other Reserves | 195 |
| Undivided Earnings | 2,701,609 |
| TOTAL EQUITY | 3,628,480 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,321,529 |
| INCOME & EXPENSE | |
| Loan Income | 108,032 |
| Investment Income | 42,150 |
| Other Income | 32,359 |
| Total Employee Compensation & Benefits | 81,442 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 77,855 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 21,269 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,900 |
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