Dec, 31, 2023 — SCRANTON TIMES DOWNTOWN FEDERAL CREDIT UNION is a federal credit union headquartered in SCRANTON, PA with 1 branch location and about $14.08 million in total assets. Opened 61 years ago in 1963, SCRANTON TIMES DOWNTOWN FEDERAL CREDIT UNION has about 1,747 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SCRANTON TIMES DOWNTOWN FEDERAL CREDIT UNION |
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Address: (Main Office) | 129 Penn Ave SCRANTON, PA 18503-2015 |
Phone: | (570) 348-9192 |
Fax: | (570) 207-2294 |
Website: | https://www.scrantontimesefcu.com |
Branches: | 1 branch locations |
Members: | 1,747 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15591 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $14,077,800 |
CEO/Manager: | Carole M Hughes |
Chairperson: | Patrick McKenna |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,393,281 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,182,930 |
Unsecured Loans | 349,361 |
Other Loans | 914,429 |
TOTAL LOANS | 6,446,720 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,759 |
Land And Building | 0 |
Other Fixed Assets | 7,461 |
NCUSIF Deposit | 117,197 |
All Other Assets | 0 |
TOTAL ASSETS | 14,077,800 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 302 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,450 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,281,973 |
Regular shares | 10,188,342 |
All Other Shares & Deposits | 351,689 |
TOTAL SHARES & DEPOSITS | 12,822,004 |
TOTAL LIABILITIES | 12,827,756 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,250,044 |
TOTAL EQUITY | 1,250,044 |
TOTAL LIABILITIES, SHARES, & EQUITY | 14,077,800 |
INCOME & EXPENSE | |
Loan Income | 308,914 |
Investment Income | 299,880 |
Other Income | 28,040 |
Total Employee Compensation & Benefits | 279,563 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 223,345 |
Non-operating Income & (Expense) | 98,136 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 879 |
Cost of Funds | 2,816 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 228,367 |
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