Dec, 31, 2023 — FIRST PRIORITY CREDIT UNION is a federally insured state chartered credit union headquartered in BOSTON, MA with 2 branch locations and about $119.12 million in total assets. Opened 100 years ago in 1924, FIRST PRIORITY CREDIT UNION has about 5,727 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FIRST PRIORITY CREDIT UNION |
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Address: (Main Office) | 25 DORCHESTER AVE BOSTON, MA 02205 |
Phone: | (800) 949-7628 |
Fax: | (617) 451-2719 |
Website: | https://www.firstprioritycu.com |
Branches: | 2 branch locations |
Members: | 5,727 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66593 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1924 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $119,115,641 |
CEO/Manager: | Tony Paciulli |
Chairperson: | Aisha J Milbury Ellis |
ASSETS: | $ Amount |
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Cash & Equivalents | 14,108,909 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 73,182,506 |
Unsecured Loans | 939,906 |
Other Loans | 13,017,061 |
TOTAL LOANS | 87,139,473 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -320,724 |
Land And Building | 5,321,943 |
Other Fixed Assets | 323,052 |
NCUSIF Deposit | 928,667 |
All Other Assets | 0 |
TOTAL ASSETS | 119,115,641 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 229,660 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 23,733,008 |
Regular shares | 44,425,834 |
All Other Shares & Deposits | 34,805,913 |
TOTAL SHARES & DEPOSITS | 102,964,755 |
TOTAL LIABILITIES | 103,196,379 |
Regular Reserve | 0 |
Other Reserves | 4,733,127 |
Undivided Earnings | 11,186,135 |
TOTAL EQUITY | 15,919,262 |
TOTAL LIABILITIES, SHARES, & EQUITY | 119,115,641 |
INCOME & EXPENSE | |
Loan Income | 3,841,727 |
Investment Income | 898,711 |
Other Income | 606,499 |
Total Employee Compensation & Benefits | 2,661,864 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,188,168 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,506 |
Cost of Funds | 449,985 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 288,092 |
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