Dec, 31, 2023 — CORRY FEDERAL CREDIT UNION is a federal credit union headquartered in CORRY, PA with 3 branch locations and about $97.94 million in total assets. Opened 66 years ago in 1958, CORRY FEDERAL CREDIT UNION has about 10,147 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CORRY FEDERAL CREDIT UNION |
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Address: (Main Office) | 728 Worth St CORRY, PA 16407 |
Phone: | (814) 663-3263 |
Fax: | (814) 664-2387 |
Website: | https://www.corryfcu.org |
Branches: | 3 branch locations |
Members: | 10,147 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12643 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $97,943,656 |
CEO/Manager: | Stacey M Heiser |
Chairperson: | Charles Mack |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,319,388 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 19,938,196 |
Unsecured Loans | 10,639,523 |
Other Loans | 22,160,446 |
TOTAL LOANS | 52,738,164 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -480,443 |
Land And Building | 1,637,614 |
Other Fixed Assets | 167,980 |
NCUSIF Deposit | 829,845 |
All Other Assets | 0 |
TOTAL ASSETS | 97,943,656 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 906,487 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 19,625,712 |
Regular shares | 34,339,208 |
All Other Shares & Deposits | 32,508,223 |
TOTAL SHARES & DEPOSITS | 86,473,144 |
TOTAL LIABILITIES | 87,379,631 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 10,564,025 |
TOTAL EQUITY | 10,564,025 |
TOTAL LIABILITIES, SHARES, & EQUITY | 97,943,656 |
INCOME & EXPENSE | |
Loan Income | 3,129,021 |
Investment Income | 805,463 |
Other Income | 1,310,592 |
Total Employee Compensation & Benefits | 1,308,792 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,791,234 |
Non-operating Income & (Expense) | 32,750 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 351,229 |
Cost of Funds | 988,508 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,245,354 |
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