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BRADFORD AREA FEDERAL CREDIT UNION

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
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
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

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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