Dec, 31, 2023 — PROVIDENT FEDERAL CREDIT UNION is a federal credit union headquartered in DOVER, DE with 1 branch location and about $12.14 million in total assets. Opened 60 years ago in 1964, PROVIDENT FEDERAL CREDIT UNION has about 1,688 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: | PROVIDENT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 401 S New St DOVER, DE 19904 |
| Phone: | (302) 734-1133 |
| Fax: | (302) 734-2683 |
| Website: | https://www.providentfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,688 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16364 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,140,429 |
| CEO/Manager: | Francine Wilson |
| Chairperson: | James G Potts |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,417,830 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 64,230 |
| Unsecured Loans | 2,300,300 |
| Other Loans | 2,938,996 |
| TOTAL LOANS | 5,303,529 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -153,829 |
| Land And Building | 120,778 |
| Other Fixed Assets | 60,658 |
| NCUSIF Deposit | 110,125 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,140,429 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -46,857 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,409,182 |
| Regular shares | 6,540,262 |
| All Other Shares & Deposits | 1,649,436 |
| TOTAL SHARES & DEPOSITS | 10,598,881 |
| TOTAL LIABILITIES | 10,552,024 |
| Regular Reserve | 0 |
| Other Reserves | 414,230 |
| Undivided Earnings | 1,174,175 |
| TOTAL EQUITY | 1,588,405 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,140,429 |
| INCOME & EXPENSE | |
| Loan Income | 505,750 |
| Investment Income | 183,352 |
| Other Income | 138,310 |
| Total Employee Compensation & Benefits | 358,271 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 312,007 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 69,807 |
| Cost of Funds | 27,273 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 91,831 |
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