Dec, 31, 2023 — PENINSULA COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in SHELTON, WA with 5 branch locations and about $293.84 million in total assets. Opened 89 years ago in 1935, PENINSULA COMMUNITY FEDERAL CREDIT UNION has about 20,976 members and employs 74 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 |
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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: | 20,976 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 665 |
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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, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $293,839,593 |
CEO/Manager: | James M Morrell |
Chairperson: | John Bolender |
ASSETS: | $ Amount |
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Cash & Equivalents | 25,658,766 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 57,826,209 |
Unsecured Loans | 14,117,898 |
Other Loans | 117,532,812 |
TOTAL LOANS | 189,476,919 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,770,783 |
Land And Building | 2,552,047 |
Other Fixed Assets | 642,074 |
NCUSIF Deposit | 2,526,047 |
All Other Assets | 86,426 |
TOTAL ASSETS | 293,839,593 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,148 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,159,680 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 4,900,000 |
Share Drafts | 73,575,759 |
Regular shares | 107,161,910 |
All Other Shares & Deposits | 84,858,912 |
TOTAL SHARES & DEPOSITS | 265,596,581 |
TOTAL LIABILITIES | 271,657,409 |
Regular Reserve | 0 |
Other Reserves | -3,950,500 |
Undivided Earnings | 26,132,684 |
TOTAL EQUITY | 22,182,184 |
TOTAL LIABILITIES, SHARES, & EQUITY | 293,839,593 |
INCOME & EXPENSE | |
Loan Income | 9,044,414 |
Investment Income | 1,590,016 |
Other Income | 1,458,144 |
Total Employee Compensation & Benefits | 5,843,020 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,660,285 |
Non-operating Income & (Expense) | 7,005 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 944,998 |
Cost of Funds | 1,617,496 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,068,369 |
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