Dec, 31, 2023 — BEAVER FALLS TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in WAMPUM, PA with 2 branch locations and about $5.07 million in total assets. Opened 86 years ago in 1938, BEAVER FALLS TEACHERS FEDERAL CREDIT UNION has about 737 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: | BEAVER FALLS TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1033 Main St WAMPUM, PA 16157 |
| Phone: | (724) 740-1444 |
| Fax: | (724) 740-1444 |
| Website: | https://multischoolsfcu.org |
| Branches: | 2 branch locations |
| Members: | 737 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2612 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,066,672 |
| CEO/Manager: | Kelly J Kelly |
| Chairperson: | Maralee K Murray |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 818,746 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 589,669 |
| Other Loans | 2,748,582 |
| TOTAL LOANS | 3,338,251 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -33,761 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 42,093 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,066,672 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 22,247 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 332 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 201,886 |
| Regular shares | 2,916,602 |
| All Other Shares & Deposits | 1,326,119 |
| TOTAL SHARES & DEPOSITS | 4,444,608 |
| TOTAL LIABILITIES | 4,467,187 |
| Regular Reserve | 0 |
| Other Reserves | 158,808 |
| Undivided Earnings | 440,677 |
| TOTAL EQUITY | 599,485 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,066,672 |
| INCOME & EXPENSE | |
| Loan Income | 188,093 |
| Investment Income | 41,464 |
| Other Income | 11,994 |
| Total Employee Compensation & Benefits | 95,427 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 99,944 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,094 |
| Cost of Funds | 31,855 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -9,279 |
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