Dec, 31, 2023 — PRIORITY PLUS FEDERAL CREDIT UNION is a federal credit union headquartered in WILMINGTON, DE with 1 branch location and about $23.19 million in total assets. Opened 89 years ago in 1935, PRIORITY PLUS FEDERAL CREDIT UNION has about 1,971 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PRIORITY PLUS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6 LYNAM ST WILMINGTON, DE 19804 |
| Phone: | (302) 633-6480 |
| Fax: | (302) 633-6481 |
| Website: | https://www.priorityplusfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,971 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 663 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,194,539 |
| CEO/Manager: | Susan K Winward |
| Chairperson: | ROBERT M WILKERSON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 542,745 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,910,500 |
| Unsecured Loans | 1,836,606 |
| Other Loans | 5,586,161 |
| TOTAL LOANS | 9,333,267 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -84,887 |
| Land And Building | 332,273 |
| Other Fixed Assets | 10,426 |
| NCUSIF Deposit | 189,603 |
| All Other Assets | 0 |
| TOTAL ASSETS | 23,194,539 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 571 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 54,783 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,752,636 |
| Regular shares | 9,890,360 |
| All Other Shares & Deposits | 7,539,011 |
| TOTAL SHARES & DEPOSITS | 19,182,007 |
| TOTAL LIABILITIES | 19,237,361 |
| Regular Reserve | 0 |
| Other Reserves | 926,676 |
| Undivided Earnings | 3,030,502 |
| TOTAL EQUITY | 3,957,178 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,194,539 |
| INCOME & EXPENSE | |
| Loan Income | 570,002 |
| Investment Income | 222,209 |
| Other Income | 94,314 |
| Total Employee Compensation & Benefits | 325,663 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 384,003 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 138,387 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 135,867 |
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