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PEOPLE FIRST FEDERAL CREDIT UNION

Dec, 31, 2023 — PEOPLE FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in ALLENTOWN, PA with 8 branch locations and about $859.82 million in total assets. Opened 74 years ago in 1950, PEOPLE FIRST FEDERAL CREDIT UNION has about 72,277 members and employs 173 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 231379115
Name:PEOPLE FIRST FEDERAL CREDIT UNION
Address:
(Main Office)
740 W Hamilton St Ste 300
ALLENTOWN, PA 18101-2474
Phone:(610) 797-7440
Fax:(610) 798-9241
Website:https//www.peoplefirst.com
Branches:8 branch locations
Members:72,277
Credit Union Type:Federal Credit Union
Charter Number:6885
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1950
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$859,823,401
CEO/Manager:Howard Meller
Chairperson:Joseph Dragovits

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 34,946,413
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 278,435,176
 Unsecured Loans 59,780,477
 Other Loans 173,807,238
 TOTAL LOANS 512,083,837
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,125,899
 Land And Building 5,954,332
 Other Fixed Assets 4,598,391
 NCUSIF Deposit 7,833,599
 All Other Assets 10,000
  TOTAL ASSETS 859,823,401
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,450,296
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 163,322,152
 Regular shares 359,396,362
 All Other Shares & Deposits 285,732,468
  TOTAL SHARES & DEPOSITS 808,450,982
  TOTAL LIABILITIES 815,901,278
 Regular Reserve 0
 Other Reserves -29,352,531
 Undivided Earnings 73,274,654
  TOTAL EQUITY 43,922,123
  TOTAL LIABILITIES, SHARES, & EQUITY 859,823,401
INCOME & EXPENSE  
 Loan Income 28,176,685
 Investment Income 8,157,310
 Other Income 4,091,713
 Total Employee Compensation & Benefits 15,683,094
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 18,934,223
 Non-operating Income & (Expense) -94,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,409,134
 Cost of Funds 6,130,598
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,179,911
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