Dec, 31, 2023 — PRIORITY FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in DU BOIS, PA with 5 branch locations and about $133.29 million in total assets. Opened 55 years ago in 1969, PRIORITY FIRST FEDERAL CREDIT UNION has about 13,386 members and employs 34 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 FIRST FEDERAL CREDIT UNION |
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Address: (Main Office) | 364 Midway Dr DU BOIS, PA 15801 |
Phone: | (814) 371-4817 |
Fax: | (814) 371-2152 |
Website: | https://www.priorityfirstfcu.org |
Branches: | 5 branch locations |
Members: | 13,386 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19655 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $133,294,886 |
CEO/Manager: | Alan Clouse |
Chairperson: | Mark Adams |
ASSETS: | $ Amount |
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Cash & Equivalents | 33,776,887 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 21,828,306 |
Unsecured Loans | 8,141,555 |
Other Loans | 53,962,307 |
TOTAL LOANS | 83,932,168 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -627,152 |
Land And Building | 3,063,253 |
Other Fixed Assets | 147,471 |
NCUSIF Deposit | 1,164,658 |
All Other Assets | 37,000 |
TOTAL ASSETS | 133,294,886 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 306,806 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 20,933,980 |
Regular shares | 72,906,873 |
All Other Shares & Deposits | 24,859,176 |
TOTAL SHARES & DEPOSITS | 118,700,029 |
TOTAL LIABILITIES | 119,006,835 |
Regular Reserve | 0 |
Other Reserves | 1,233,353 |
Undivided Earnings | 13,054,698 |
TOTAL EQUITY | 14,288,051 |
TOTAL LIABILITIES, SHARES, & EQUITY | 133,294,886 |
INCOME & EXPENSE | |
Loan Income | 3,913,042 |
Investment Income | 1,759,504 |
Other Income | 582,544 |
Total Employee Compensation & Benefits | 1,882,758 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,466,904 |
Non-operating Income & (Expense) | 90 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 242,605 |
Cost of Funds | 695,530 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,738,037 |
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