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A.B. FEDERAL CREDIT UNION

Dec, 31, 2023 — A.B. FEDERAL CREDIT UNION is a federal credit union headquartered in ALTOONA, PA with 1 branch location and about $8.27 million in total assets. Opened 62 years ago in 1962, A.B. FEDERAL CREDIT UNION has about 733 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:A.B. FEDERAL CREDIT UNION
Address:
(Main Office)
871 30th St
ALTOONA, PA 16601
Phone:(814) 944-4025
Fax:(814) 944-6941
Website:https://www.abfederalcu.com
Branches:1 branch locations
Members:733
Credit Union Type:Federal Credit Union
Charter Number:14879
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1962
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$8,273,310
CEO/Manager:Tricia A Eicher
Chairperson:Mary Lumadue

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 725,433
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 907,717
 Unsecured Loans 1,056,321
 Other Loans 2,357,358
 TOTAL LOANS 4,321,396
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -53,867
 Land And Building 2,310
 Other Fixed Assets 393,578
 NCUSIF Deposit 70,835
 All Other Assets 0
  TOTAL ASSETS 8,273,310
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,011
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,437,847
 Regular shares 4,757,944
 All Other Shares & Deposits 839,525
  TOTAL SHARES & DEPOSITS 7,035,316
  TOTAL LIABILITIES 7,041,327
 Regular Reserve 0
 Other Reserves 70,329
 Undivided Earnings 1,161,654
  TOTAL EQUITY 1,231,983
  TOTAL LIABILITIES, SHARES, & EQUITY 8,273,310
INCOME & EXPENSE  
 Loan Income 279,287
 Investment Income 86,874
 Other Income 133,736
 Total Employee Compensation & Benefits 173,010
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 243,510
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 13,500
 Cost of Funds 6,068
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 100,332
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