Dec, 31, 2021 — PRIORITY PLUS FEDERAL CREDIT UNION is a federal credit union headquartered in WILMINGTON, DE with 1 branch location and about $23.89 million in total assets. Opened 87 years ago in 1935, PRIORITY PLUS FEDERAL CREDIT UNION has about 1,942 members and employs 4 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 |
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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: | 1,942 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 663 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $23,890,521 |
CEO/Manager: | Susan K Winward |
Chairperson: | ROBERT M WILKERSON |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,078,243 |
TOTAL INVESTMENTS | 13,192,008 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,117,648 |
Unsecured Loans | 1,581,993 |
Other Loans | 4,173,752 |
TOTAL LOANS | 6,873,393 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -89,271 |
Land And Building | 333,328 |
Other Fixed Assets | 26,450 |
NCUSIF Deposit | 168,843 |
All Other Assets | 307,527 |
TOTAL ASSETS | 23,890,521 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 354 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 11,248 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,738,750 |
Regular shares | 11,005,035 |
All Other Shares & Deposits | 7,438,167 |
TOTAL SHARES & DEPOSITS | 20,181,952 |
TOTAL LIABILITIES | 20,193,554 |
Regular Reserve | 926,676 |
Other Reserves | 130 |
Undivided Earnings | 2,770,161 |
TOTAL EQUITY | 3,696,967 |
TOTAL LIABILITIES, SHARES, & EQUITY | 23,890,521 |
INCOME & EXPENSE | |
Loan Income | 435,798 |
Investment Income | 168,791 |
Other Income | 79,621 |
Total Employee Compensation & Benefits | 314,710 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 326,548 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,194 |
Cost of Funds | 79,236 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 75,452 |
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