Credit Unions Near Me
National Credit Union Service Organization

PEOPLESCHOICE CREDIT UNION

Jun, 30, 2024 — PEOPLESCHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in SACO, ME with 4 branch locations and about $320.26 million in total assets. Opened 61 years ago in 1963, PEOPLESCHOICE CREDIT UNION has about 19,694 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:19,694
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, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$320,258,521
CEO/Manager:Luke A Labbe
Chairperson:Lisa Parker

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 21,545,827
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 123,664,885
 Unsecured Loans 14,812,045
 Other Loans 72,681,329
 TOTAL LOANS 211,158,259
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,119,089
 Land And Building 6,490,092
 Other Fixed Assets 839,653
 NCUSIF Deposit 2,516,661
 All Other Assets 11,836
  TOTAL ASSETS 320,258,521
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,574,844
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 56,397,756
 Regular shares 124,807,375
 All Other Shares & Deposits 122,537,015
  TOTAL SHARES & DEPOSITS 303,742,146
  TOTAL LIABILITIES 305,316,990
 Regular Reserve 0
 Other Reserves -8,463,137
 Undivided Earnings 23,404,668
  TOTAL EQUITY 14,941,531
  TOTAL LIABILITIES, SHARES, & EQUITY 320,258,521
INCOME & EXPENSE  
 Loan Income 7,237,731
 Investment Income 1,089,120
 Other Income 852,354
 Total Employee Compensation & Benefits 4,655,016
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,126,318
 Non-operating Income & (Expense) 6,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 50,000
 Cost of Funds 1,076,438
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,702,688
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