Dec, 31, 2023 — PEOPLES FEDERAL CREDIT UNION is a federal credit union headquartered in NITRO, WV with 5 branch locations and about $115.74 million in total assets. Opened 59 years ago in 1965, PEOPLES FEDERAL CREDIT UNION has about 10,996 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PEOPLES FEDERAL CREDIT UNION |
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Address: (Main Office) | 419 1st Ave S NITRO, WV 25143-2313 |
Phone: | (304) 722-2274 |
Fax: | (304) 722-2285 |
Website: | https://www.peoplesfcu.com |
Branches: | 5 branch locations |
Members: | 10,996 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16993 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $115,743,726 |
CEO/Manager: | Andrew P Myers |
Chairperson: | Jesse W Scott II |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,555,370 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 43,958,158 |
Unsecured Loans | 5,874,095 |
Other Loans | 55,426,506 |
TOTAL LOANS | 106,129,366 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -831,952 |
Land And Building | 2,431,949 |
Other Fixed Assets | 462,443 |
NCUSIF Deposit | 1,022,115 |
All Other Assets | 91,400 |
TOTAL ASSETS | 115,743,726 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 895,583 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 20,878,224 |
Regular shares | 58,289,901 |
All Other Shares & Deposits | 18,806,156 |
TOTAL SHARES & DEPOSITS | 97,974,281 |
TOTAL LIABILITIES | 98,869,864 |
Regular Reserve | 0 |
Other Reserves | 2,232,571 |
Undivided Earnings | 14,641,291 |
TOTAL EQUITY | 16,873,862 |
TOTAL LIABILITIES, SHARES, & EQUITY | 115,743,726 |
INCOME & EXPENSE | |
Loan Income | 5,969,746 |
Investment Income | 99,985 |
Other Income | 692,950 |
Total Employee Compensation & Benefits | 2,605,927 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,429,463 |
Non-operating Income & (Expense) | 3,031 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 293,313 |
Cost of Funds | 550,406 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,849,657 |
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