Dec, 31, 2023 — ALTOONA AREA EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ALTOONA, PA with 1 branch location and about $17.92 million in total assets. Opened 43 years ago in 1981, ALTOONA AREA EMPLOYEES FEDERAL CREDIT UNION has about 1,701 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: | ALTOONA AREA EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 908 PLEASANT VALLEY BLVD ALTOONA, PA 16602 |
Phone: | (814) 942-5431 |
Fax: | (814) 942-7062 |
Website: | https://altoonafcu.com |
Branches: | 1 branch locations |
Members: | 1,701 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23753 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1981 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $17,919,790 |
CEO/Manager: | DARCI ROBINSON |
Chairperson: | WILLIAM P BRADLEY |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,536,164 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,527,791 |
Unsecured Loans | 1,393,105 |
Other Loans | 2,946,311 |
TOTAL LOANS | 5,867,208 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,906 |
Land And Building | 92,846 |
Other Fixed Assets | 23,114 |
NCUSIF Deposit | 163,540 |
All Other Assets | 0 |
TOTAL ASSETS | 17,919,790 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 4,425 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,229 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,105,691 |
Regular shares | 12,390,290 |
All Other Shares & Deposits | 664,407 |
TOTAL SHARES & DEPOSITS | 16,160,387 |
TOTAL LIABILITIES | 16,169,041 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,750,749 |
TOTAL EQUITY | 1,750,749 |
TOTAL LIABILITIES, SHARES, & EQUITY | 17,919,790 |
INCOME & EXPENSE | |
Loan Income | 263,668 |
Investment Income | 160,960 |
Other Income | 37,724 |
Total Employee Compensation & Benefits | 158,619 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 270,124 |
Non-operating Income & (Expense) | 9,390 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,930 |
Cost of Funds | 33,124 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 39,763 |
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