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CORRY AREA SCHOOLS FEDERAL CREDIT UNION

Dec, 31, 2023 — CORRY AREA SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in CORRY, PA with 1 branch location and about $6.99 million in total assets. Opened 61 years ago in 1963, CORRY AREA SCHOOLS FEDERAL CREDIT UNION has about 615 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CORRY AREA SCHOOLS FEDERAL CREDIT UNION
Address:
(Main Office)
22 SOUTH 1ST AVE
CORRY, PA 16407
Phone:(814) 665-5291
Fax:(814) 665-5036
Website:https://www.corryschoolsfcu.com
Branches:1 branch locations
Members:615
Credit Union Type:Federal Credit Union
Charter Number:15501
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1963
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$6,987,465
CEO/Manager:Steven M Tessmer
Chairperson:Howard A Laird

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,435,173
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 193,305
 Unsecured Loans 267,598
 Other Loans 971,023
 TOTAL LOANS 1,431,926
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -27,531
 Land And Building 45,470
 Other Fixed Assets 5,366
 NCUSIF Deposit 54,569
 All Other Assets 0
  TOTAL ASSETS 6,987,465
LIABILITIES & CAPITAL:  
 Dividends Payable 261
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,278
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,592,159
 Regular shares 4,809,259
 All Other Shares & Deposits 121,657
  TOTAL SHARES & DEPOSITS 6,523,075
  TOTAL LIABILITIES 6,525,614
 Regular Reserve 0
 Other Reserves 113,319
 Undivided Earnings 348,532
  TOTAL EQUITY 461,851
  TOTAL LIABILITIES, SHARES, & EQUITY 6,987,465
INCOME & EXPENSE  
 Loan Income 15,205
 Investment Income 8,572
 Other Income 1,410
 Total Employee Compensation & Benefits 11,224
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 22,334
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 261
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -8,632
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