Dec, 31, 2023 — BRADFORD AREA FEDERAL CREDIT UNION is a federal credit union headquartered in BRADFORD, PA with 1 branch location and about $9.66 million in total assets. Opened 64 years ago in 1960, BRADFORD AREA FEDERAL CREDIT UNION has about 1,668 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: | BRADFORD AREA FEDERAL CREDIT UNION |
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Address: (Main Office) | 52 Davis St BRADFORD, PA 16701-2016 |
Phone: | (814) 362-6779 |
Fax: | (814) 362-1438 |
Website: | https://bradfordareafcu.org |
Branches: | 1 branch locations |
Members: | 1,668 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13823 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,660,031 |
CEO/Manager: | Susanne M Wilcox |
Chairperson: | James R Rice |
ASSETS: | $ Amount |
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Cash & Equivalents | 539,188 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 768,855 |
Other Loans | 4,716,239 |
TOTAL LOANS | 5,485,094 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -46,979 |
Land And Building | 0 |
Other Fixed Assets | 6,434 |
NCUSIF Deposit | 83,430 |
All Other Assets | 0 |
TOTAL ASSETS | 9,660,031 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 43,988 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 13,816 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 122,004 |
Regular shares | 7,716,218 |
All Other Shares & Deposits | 250,000 |
TOTAL SHARES & DEPOSITS | 8,088,222 |
TOTAL LIABILITIES | 8,146,026 |
Regular Reserve | 0 |
Other Reserves | 246,145 |
Undivided Earnings | 1,267,860 |
TOTAL EQUITY | 1,514,005 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,660,031 |
INCOME & EXPENSE | |
Loan Income | 303,734 |
Investment Income | 117,592 |
Other Income | 9,969 |
Total Employee Compensation & Benefits | 146,410 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 134,050 |
Non-operating Income & (Expense) | 13,919 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 34,773 |
Cost of Funds | 121,427 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 8,554 |
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