Sep, 30, 2025 — PEOPLESCHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in SACO, ME with 4 branch locations and about $359.14 million in total assets. Opened 63 years ago in 1963, PEOPLESCHOICE CREDIT UNION has about 20,458 members and employs 65 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PEOPLESCHOICE CREDIT UNION |
|---|---|
| Address: (Main Office) | 23 Industrial Park Rd SACO, ME 04072-1804 |
| Phone: | (207) 282-4156 |
| Fax: | (207) 284-2447 |
| Website: | https://www.peopleschoicecreditunion.com/ |
| Branches: | 4 branch locations |
| Members: | 20,458 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68442 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Jun 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $359,141,061 |
| CEO/Manager: | Luke A Labbe |
| Chairperson: | Lisa Parker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,327,736 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 175,709,871 |
| Unsecured Loans | 17,083,218 |
| Other Loans | 77,563,504 |
| TOTAL LOANS | 270,356,593 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,680,742 |
| Land And Building | 5,691,834 |
| Other Fixed Assets | 672,456 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,928,131 |
| All Other Assets | 15,831 |
| TOTAL ASSETS | 359,141,061 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,150,828 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 59,362,681 |
| Regular shares | 101,403,362 |
| All Other Shares & Deposits | 173,223,385 |
| TOTAL SHARES & DEPOSITS | 333,989,428 |
| TOTAL LIABILITIES | 335,140,256 |
| Regular Reserve | 0 |
| Other Reserves | -5,844,527 |
| Undivided Earnings | 29,845,332 |
| TOTAL EQUITY | 24,000,805 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 359,141,061 |
| INCOME & EXPENSE | |
| Loan Income | 13,248,792 |
| Investment Income | 1,527,051 |
| Other Income | 716,338 |
| Total Employee Compensation & Benefits | 5,692,906 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,924,208 |
| Non-operating Income & (Expense) | 106,382 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 855,000 |
| Cost of Funds | 4,251,181 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,225,219 |
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