Dec, 31, 2023 — THE PEOPLES CREDIT UNION is a federally insured state chartered credit union headquartered in MIDDLETOWN, RI with 6 branch locations and about $717.58 million in total assets. Opened 102 years ago in 1922, THE PEOPLES CREDIT UNION has about 40,170 members and employs 123 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | THE PEOPLES CREDIT UNION |
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Address: (Main Office) | 858 W Main Rd MIDDLETOWN, RI 02842 |
Phone: | (401) 846-8930 |
Fax: | (401) 846-1210 |
Website: | https://www.peoplescu.com |
Branches: | 6 branch locations |
Members: | 40,170 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65861 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1922 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $717,579,087 |
CEO/Manager: | Sean G Daly |
Chairperson: | Christopher S Ottiano |
ASSETS: | $ Amount |
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Cash & Equivalents | 22,384,488 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 434,432,930 |
Unsecured Loans | 4,033,275 |
Other Loans | 134,841,260 |
TOTAL LOANS | 573,307,476 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,286,128 |
Land And Building | 15,396,574 |
Other Fixed Assets | 1,338,222 |
NCUSIF Deposit | 5,151,436 |
All Other Assets | 0 |
TOTAL ASSETS | 717,579,087 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 19,901 |
Notes & Interest Payable | 84,000,000 |
Accounts Payable & Other Liabilities | 10,472,834 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 192,071,633 |
Regular shares | 152,065,390 |
All Other Shares & Deposits | 213,726,505 |
TOTAL SHARES & DEPOSITS | 557,863,529 |
TOTAL LIABILITIES | 652,360,975 |
Regular Reserve | 0 |
Other Reserves | -2,066,742 |
Undivided Earnings | 67,284,854 |
TOTAL EQUITY | 65,218,112 |
TOTAL LIABILITIES, SHARES, & EQUITY | 717,579,087 |
INCOME & EXPENSE | |
Loan Income | 22,206,281 |
Investment Income | 2,093,810 |
Other Income | 2,735,374 |
Total Employee Compensation & Benefits | 10,289,682 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 10,719,943 |
Non-operating Income & (Expense) | 64 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -277,042 |
Cost of Funds | 8,075,004 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,455,783 |
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