Dec, 31, 2023 — PEPCO FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 2 branch locations and about $33.69 million in total assets. Opened 89 years ago in 1935, PEPCO FEDERAL CREDIT UNION has about 1,910 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PEPCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 701 9th St NW Ste 6230 WASHINGTON, DC 20001-4572 |
| Phone: | (202) 872-3085 |
| Fax: | (202) 872-3262 |
| Website: | https://pepcofcu.org |
| Branches: | 2 branch locations |
| Members: | 1,910 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 367 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | May 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $33,693,215 |
| CEO/Manager: | Kenneth E Filipovich |
| Chairperson: | Brandon Bowles |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,486,128 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 159,126 |
| Unsecured Loans | 4,294,132 |
| Other Loans | 2,290,349 |
| TOTAL LOANS | 6,743,607 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -336,207 |
| Land And Building | 0 |
| Other Fixed Assets | 32,505 |
| NCUSIF Deposit | 312,660 |
| All Other Assets | 0 |
| TOTAL ASSETS | 33,693,215 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,279 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 130,009 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,703,607 |
| Regular shares | 12,193,191 |
| All Other Shares & Deposits | 4,790,183 |
| TOTAL SHARES & DEPOSITS | 30,686,982 |
| TOTAL LIABILITIES | 30,823,270 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,869,945 |
| TOTAL EQUITY | 2,869,945 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,693,215 |
| INCOME & EXPENSE | |
| Loan Income | 677,197 |
| Investment Income | 756,825 |
| Other Income | 159,355 |
| Total Employee Compensation & Benefits | 810,999 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 732,303 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 351,207 |
| Cost of Funds | 116,731 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -234,708 |
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