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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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