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PRIORITY PLUS FEDERAL CREDIT UNION

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.


ABA Routing Number: 231177281
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

Call Report

  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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