Jun, 30, 2024 — PENINSULA COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in SHELTON, WA with 5 branch locations and about $286.19 million in total assets. Opened 90 years ago in 1935, PENINSULA COMMUNITY FEDERAL CREDIT UNION has about 20,423 members and employs 73 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: | 20,423 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $286,189,396 |
| CEO/Manager: | James M Morrell |
| Chairperson: | John Bolender |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,979,048 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 50,444,680 |
| Unsecured Loans | 12,820,425 |
| Other Loans | 114,775,533 |
| TOTAL LOANS | 178,040,638 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -943,890 |
| Land And Building | 2,645,365 |
| Other Fixed Assets | 733,901 |
| NCUSIF Deposit | 2,480,813 |
| All Other Assets | 159,282 |
| TOTAL ASSETS | 286,189,396 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,288,033 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 4,900,000 |
| Share Drafts | 76,545,835 |
| Regular shares | 126,259,287 |
| All Other Shares & Deposits | 58,334,078 |
| TOTAL SHARES & DEPOSITS | 261,139,200 |
| TOTAL LIABILITIES | 267,327,233 |
| Regular Reserve | 0 |
| Other Reserves | -6,541,070 |
| Undivided Earnings | 25,403,233 |
| TOTAL EQUITY | 18,862,163 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 286,189,396 |
| INCOME & EXPENSE | |
| Loan Income | 5,080,039 |
| Investment Income | 1,880,979 |
| Other Income | 1,070,024 |
| Total Employee Compensation & Benefits | 4,023,784 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,051,305 |
| Non-operating Income & (Expense) | 313,263 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 351,708 |
| Cost of Funds | 220,559 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,156,635 |
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