Dec, 31, 2023 — APS FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLEROI, PA with 1 branch location and about $9.26 million in total assets. Opened 89 years ago in 1935, APS FEDERAL CREDIT UNION has about 1,216 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | APS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 259 Fremont Rd CHARLEROI, PA 15022-1707 |
| Phone: | (724) 483-6260 |
| Fax: | (724) 483-4202 |
| Website: | https://www.apsfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,216 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 838 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,258,587 |
| CEO/Manager: | Michael A King |
| Chairperson: | Mark T Snodgrass |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 961,250 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,036,488 |
| Other Loans | 6,121,260 |
| TOTAL LOANS | 7,157,749 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,647 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 95,602 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,258,587 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 18,582 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,300,120 |
| Regular shares | 6,349,235 |
| All Other Shares & Deposits | 843,960 |
| TOTAL SHARES & DEPOSITS | 8,493,315 |
| TOTAL LIABILITIES | 8,511,897 |
| Regular Reserve | 0 |
| Other Reserves | 194,111 |
| Undivided Earnings | 552,579 |
| TOTAL EQUITY | 746,690 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,258,587 |
| INCOME & EXPENSE | |
| Loan Income | 281,144 |
| Investment Income | 54,272 |
| Other Income | 16,970 |
| Total Employee Compensation & Benefits | 149,780 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 177,916 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,647 |
| Cost of Funds | 2,680 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 40,352 |
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