Dec, 31, 2023 — CLARION FEDERAL CREDIT UNION is a federal credit union headquartered in CLARION, PA with 4 branch locations and about $194.06 million in total assets. Opened 84 years ago in 1940, CLARION FEDERAL CREDIT UNION has about 14,902 members and employs 45 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CLARION FEDERAL CREDIT UNION |
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Address: (Main Office) | 144 Holiday Inn Rd CLARION, PA 16214 |
Phone: | (814) 226-5032 |
Fax: | (814) 226-9033 |
Website: | https://www.toptierfcu.org |
Branches: | 4 branch locations |
Members: | 14,902 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3655 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $194,061,836 |
CEO/Manager: | Mark A Lauer |
Chairperson: | Deborah Boyles |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,889,775 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 87,090,885 |
Unsecured Loans | 3,134,577 |
Other Loans | 62,315,148 |
TOTAL LOANS | 154,084,086 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,308,145 |
Land And Building | 5,398,225 |
Other Fixed Assets | 247,069 |
NCUSIF Deposit | 1,612,272 |
All Other Assets | 0 |
TOTAL ASSETS | 194,061,836 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,117,695 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 28,041,369 |
Regular shares | 65,179,624 |
All Other Shares & Deposits | 79,817,652 |
TOTAL SHARES & DEPOSITS | 173,038,645 |
TOTAL LIABILITIES | 174,156,340 |
Regular Reserve | 0 |
Other Reserves | -241,982 |
Undivided Earnings | 20,147,478 |
TOTAL EQUITY | 19,905,496 |
TOTAL LIABILITIES, SHARES, & EQUITY | 194,061,836 |
INCOME & EXPENSE | |
Loan Income | 6,628,677 |
Investment Income | 979,478 |
Other Income | 859,059 |
Total Employee Compensation & Benefits | 2,730,359 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,812,572 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 210,000 |
Cost of Funds | 2,577,317 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,195,746 |
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