Dec, 31, 2023 — CLAIRTON WORKS FEDERAL CREDIT UNION is a federal credit union headquartered in CLAIRTON, PA with 1 branch location and about $11.84 million in total assets. Opened 88 years ago in 1936, CLAIRTON WORKS FEDERAL CREDIT UNION has about 1,297 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: | CLAIRTON WORKS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 600 State St Unit 3 CLAIRTON, PA 15025 |
| Phone: | (412) 384-7088 |
| Fax: | (412) 384-7411 |
| Website: | https://www.clairtonworksfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,297 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1646 |
|---|---|
| Membership Type: | Multiple common bond - Primarily machinery |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,843,529 |
| CEO/Manager: | Renee C Arre |
| Chairperson: | Nick M Denardo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 197,180 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,333,463 |
| Unsecured Loans | 1,083,835 |
| Other Loans | 2,655,274 |
| TOTAL LOANS | 5,072,572 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,876 |
| Land And Building | 0 |
| Other Fixed Assets | 10,013 |
| NCUSIF Deposit | 116,840 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,843,529 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 250,000 |
| Accounts Payable & Other Liabilities | 82,044 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 417,613 |
| Regular shares | 9,520,689 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 9,938,301 |
| TOTAL LIABILITIES | 10,270,345 |
| Regular Reserve | 0 |
| Other Reserves | -113,837 |
| Undivided Earnings | 1,687,021 |
| TOTAL EQUITY | 1,573,184 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,843,529 |
| INCOME & EXPENSE | |
| Loan Income | 298,648 |
| Investment Income | 143,019 |
| Other Income | 9,570 |
| Total Employee Compensation & Benefits | 246,453 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 167,725 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,809 |
| Cost of Funds | 22,057 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 38,852 |
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