Dec, 31, 2023 — PEOPLESCHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in SACO, ME with 4 branch locations and about $356.30 million in total assets. Opened 61 years ago in 1963, PEOPLESCHOICE CREDIT UNION has about 20,637 members and employs 62 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: | 20,637 |
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, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $356,302,662 |
CEO/Manager: | Luke A Labbe |
Chairperson: | Lisa Parker |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 3,876,651 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 148,118,410 |
Unsecured Loans | 19,897,881 |
Other Loans | 100,083,496 |
TOTAL LOANS | 268,099,787 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,465,655 |
Land And Building | 6,186,896 |
Other Fixed Assets | 885,764 |
NCUSIF Deposit | 2,848,250 |
All Other Assets | 29,920 |
TOTAL ASSETS | 356,302,662 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 9,578,067 |
Accounts Payable & Other Liabilities | 953,928 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 56,190,193 |
Regular shares | 96,361,091 |
All Other Shares & Deposits | 175,470,141 |
TOTAL SHARES & DEPOSITS | 328,021,425 |
TOTAL LIABILITIES | 338,553,420 |
Regular Reserve | 0 |
Other Reserves | -8,249,550 |
Undivided Earnings | 25,998,792 |
TOTAL EQUITY | 17,749,242 |
TOTAL LIABILITIES, SHARES, & EQUITY | 356,302,662 |
INCOME & EXPENSE | |
Loan Income | 14,197,053 |
Investment Income | 1,697,876 |
Other Income | 909,733 |
Total Employee Compensation & Benefits | 6,365,254 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,044,472 |
Non-operating Income & (Expense) | 124,956 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,025,000 |
Cost of Funds | 4,470,530 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,907,653 |
↑ Back to Top |
» See also Statement of Financial Condition