Dec, 31, 2023 — C-B-W SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in SIDMAN, PA with 2 branch locations and about $112.76 million in total assets. Opened 68 years ago in 1956, C-B-W SCHOOLS FEDERAL CREDIT UNION has about 7,901 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | C-B-W SCHOOLS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 400 SIDMAN, PA 15955-0400 |
| Phone: | (814) 487-5714 |
| Fax: | (814) 487-4997 |
| Website: | https://www.cbwsfcu.org |
| Branches: | 2 branch locations |
| Members: | 7,901 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11374 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Nov 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $112,763,345 |
| CEO/Manager: | Ryan M Glista |
| Chairperson: | James Roccio |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,285,327 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,923,725 |
| Unsecured Loans | 683,016 |
| Other Loans | 9,200,356 |
| TOTAL LOANS | 26,807,097 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -160,492 |
| Land And Building | 485,216 |
| Other Fixed Assets | 121,332 |
| NCUSIF Deposit | 807,889 |
| All Other Assets | 0 |
| TOTAL ASSETS | 112,763,345 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 56,222 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 32,350 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,124,345 |
| Regular shares | 44,451,335 |
| All Other Shares & Deposits | 24,351,000 |
| TOTAL SHARES & DEPOSITS | 82,926,680 |
| TOTAL LIABILITIES | 83,015,252 |
| Regular Reserve | 0 |
| Other Reserves | -6,323,982 |
| Undivided Earnings | 36,072,075 |
| TOTAL EQUITY | 29,748,093 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 112,763,345 |
| INCOME & EXPENSE | |
| Loan Income | 1,018,231 |
| Investment Income | 1,678,912 |
| Other Income | 160,099 |
| Total Employee Compensation & Benefits | 763,175 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 676,788 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,000 |
| Cost of Funds | 590,723 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 935,272 |
| ↑ Back to Top | |