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ASBESTOS WORKERS LOCAL 14 FEDERAL CREDIT UNION

Dec, 31, 2023 — ASBESTOS WORKERS LOCAL 14 FEDERAL CREDIT UNION is a federal credit union headquartered in PHILADELPHIA, PA with 1 branch location and about $4.46 million in total assets. Opened 57 years ago in 1967, ASBESTOS WORKERS LOCAL 14 FEDERAL CREDIT UNION has about 542 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ASBESTOS WORKERS LOCAL 14 FEDERAL CREDIT UNION
Address:
(Main Office)
2014 Hornig Rd
PHILADELPHIA, PA 19116
Phone:(215) 289-3990
Fax:(215) 289-2001
Website:n/a
Branches:1 branch locations
Members:542
Credit Union Type:Federal Credit Union
Charter Number:18446
Membership Type:Associational - Other than religious or fraternal, or 'low-income'
Corporate Credit Union:No
Year Opened:1967
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$4,457,622
CEO/Manager:Patricia Reeves
Chairperson:Martin O'Driscoll

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 476,205
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 439,261
 Other Loans 110,610
 TOTAL LOANS 549,871
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -75,016
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 43,687
 All Other Assets 0
  TOTAL ASSETS 4,457,622
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 25,619
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,917,192
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 3,917,192
  TOTAL LIABILITIES 3,942,811
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 514,811
  TOTAL EQUITY 514,811
  TOTAL LIABILITIES, SHARES, & EQUITY 4,457,622
INCOME & EXPENSE  
 Loan Income 49,874
 Investment Income 101,306
 Other Income 0
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 76,821
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 51,730
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 22,634
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