PREMIER FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.premierfcu.org for more information.
Dec, 31, 2023 — PREMIER FEDERAL CREDIT UNION is a federal credit union headquartered in Greensboro, NC with 7 branch locations and about $251.60 million in total assets. Opened 61 years ago in 1963, PREMIER FEDERAL CREDIT UNION has about 27,762 members and employs 71 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PREMIER FEDERAL CREDIT UNION |
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Address: (Main Office) | PO Box 26590 Greensboro, NC 27415 |
Phone: | (336) 370-1286 |
Fax: | (336) 379-3506 |
Website: | https://www.premierfcu.org |
Branches: | 7 branch locations |
Members: | 27,762 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15863 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Mar 01, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $251,598,673 |
CEO/Manager: | Lori Thompson |
Chairperson: | Dennie Smith |
ASSETS: | $ Amount |
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Cash & Equivalents | 101,364,557 |
TOTAL INVESTMENTS | 14,884,493 |
Loans Held for Sale | 0 |
Real Estate Loans | 20,511,101 |
Unsecured Loans | 23,759,041 |
Other Loans | 75,190,085 |
TOTAL LOANS | 119,826,216 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,088,233 |
Land And Building | 7,087,172 |
Other Fixed Assets | 384,489 |
NCUSIF Deposit | 1,809,373 |
All Other Assets | 7,330,606 |
TOTAL ASSETS | 251,598,673 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 101,885 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,329,501 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 49,043,384 |
Regular shares | 101,469,717 |
All Other Shares & Deposits | 67,734,612 |
TOTAL SHARES & DEPOSITS | 218,247,713 |
TOTAL LIABILITIES | 220,679,099 |
Regular Reserve | 2,412,746 |
Other Reserves | 950,015 |
Undivided Earnings | 27,556,813 |
TOTAL EQUITY | 30,919,574 |
TOTAL LIABILITIES, SHARES, & EQUITY | 251,598,673 |
INCOME & EXPENSE | |
Loan Income | 1,826,293 |
Investment Income | 84,080 |
Other Income | 449,925 |
Total Employee Compensation & Benefits | 1,208,607 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,665,840 |
Non-operating Income & (Expense) | -5 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 136,624 |
Cost of Funds | 214,052 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 50,475 |
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