Sep, 30, 2025 — PENINSULA COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in SHELTON, WA with 5 branch locations and about $303.26 million in total assets. Opened 91 years ago in 1935, PENINSULA COMMUNITY FEDERAL CREDIT UNION has about 22,173 members and employs 76 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PENINSULA COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 521 W Railroad Ave SHELTON, WA 98584-3520 |
| Phone: | (360) 426-1601 |
| Fax: | (360) 427-3169 |
| Website: | https://www.pcfcu.org |
| Branches: | 5 branch locations |
| Members: | 22,173 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 665 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $303,264,216 |
| CEO/Manager: | James M Morrell |
| Chairperson: | John Bolender |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 26,687,701 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 67,332,099 |
| Unsecured Loans | 17,773,204 |
| Other Loans | 125,936,079 |
| TOTAL LOANS | 211,041,382 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,627,193 |
| Land And Building | 2,429,008 |
| Other Fixed Assets | 435,039 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,523,765 |
| All Other Assets | 65,892 |
| TOTAL ASSETS | 303,264,216 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,777 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,151,241 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 4,900,000 |
| Share Drafts | 74,227,248 |
| Regular shares | 107,614,063 |
| All Other Shares & Deposits | 86,593,496 |
| TOTAL SHARES & DEPOSITS | 268,434,807 |
| TOTAL LIABILITIES | 275,490,953 |
| Regular Reserve | 0 |
| Other Reserves | -1,056,243 |
| Undivided Earnings | 28,829,506 |
| TOTAL EQUITY | 27,773,263 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 303,264,216 |
| INCOME & EXPENSE | |
| Loan Income | 9,566,509 |
| Investment Income | 1,722,723 |
| Other Income | 1,129,420 |
| Total Employee Compensation & Benefits | 5,305,390 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,873,238 |
| Non-operating Income & (Expense) | 29,876 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,455,617 |
| Cost of Funds | 1,935,669 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,384,598 |
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