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CORRY FEDERAL CREDIT UNION

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.


ABA Routing Number: 243380370
Name:CORRY FEDERAL CREDIT UNION
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
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

Call Report

  • Payday Alternative Loans (PAL Loans)
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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