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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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