Dec, 31, 2023 — PEOPLES CREDIT UNION is a federally insured state chartered credit union headquartered in WEBSTER CITY, IA with 3 branch locations and about $87.53 million in total assets. Opened 62 years ago in 1962, PEOPLES CREDIT UNION has about 7,712 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PEOPLES CREDIT UNION |
|---|---|
| Address: (Main Office) | 310 1st ST WEBSTER CITY, IA 50595-2337 |
| Phone: | (515) 832-6346 |
| Fax: | (515) 832-4877 |
| Website: | https://www.peoples-credit-union.com |
| Branches: | 3 branch locations |
| Members: | 7,712 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64140 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $87,531,202 |
| CEO/Manager: | Jordan L Hensley |
| Chairperson: | Kevin K Bahrenfuss |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,953,008 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,713,882 |
| Unsecured Loans | 1,409,638 |
| Other Loans | 43,637,510 |
| TOTAL LOANS | 63,761,030 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -803,014 |
| Land And Building | 6,942,265 |
| Other Fixed Assets | 386,442 |
| NCUSIF Deposit | 726,190 |
| All Other Assets | 0 |
| TOTAL ASSETS | 87,531,202 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 162,043 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 465,811 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,522,982 |
| Regular shares | 17,771,208 |
| All Other Shares & Deposits | 46,621,437 |
| TOTAL SHARES & DEPOSITS | 76,915,627 |
| TOTAL LIABILITIES | 77,543,481 |
| Regular Reserve | 0 |
| Other Reserves | 4,728,049 |
| Undivided Earnings | 5,259,672 |
| TOTAL EQUITY | 9,987,721 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 87,531,202 |
| INCOME & EXPENSE | |
| Loan Income | 3,537,848 |
| Investment Income | 702,515 |
| Other Income | 694,248 |
| Total Employee Compensation & Benefits | 1,489,726 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,397,946 |
| Non-operating Income & (Expense) | -769 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,068,275 |
| Cost of Funds | 1,318,692 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -105,021 |
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