Dec, 31, 2023 — TENDTO CREDIT UNION is a federally insured state chartered credit union headquartered in ERIE, PA with 4 branch locations and about $133.27 million in total assets. Opened 48 years ago in 1976, TENDTO CREDIT UNION has about 12,228 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TENDTO CREDIT UNION |
|---|---|
| Address: (Main Office) | 1129 State St ERIE, PA 16501-1911 |
| Phone: | (814) 455-6400 |
| Fax: | (814) 452-1263 |
| Website: | https://www.tendtocu.com |
| Branches: | 4 branch locations |
| Members: | 12,228 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63648 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1976 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $133,274,958 |
| CEO/Manager: | Michael W Kalie |
| Chairperson: | Ryan Heidt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,560,306 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,681,892 |
| Unsecured Loans | 16,331,006 |
| Other Loans | 44,229,150 |
| TOTAL LOANS | 71,146,367 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -715,419 |
| Land And Building | 4,440,002 |
| Other Fixed Assets | 257,871 |
| NCUSIF Deposit | 1,295,087 |
| All Other Assets | 40,007 |
| TOTAL ASSETS | 133,274,958 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,782,389 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,773,552 |
| Regular shares | 57,732,680 |
| All Other Shares & Deposits | 44,330,566 |
| TOTAL SHARES & DEPOSITS | 122,836,798 |
| TOTAL LIABILITIES | 126,619,187 |
| Regular Reserve | 0 |
| Other Reserves | -4,093,719 |
| Undivided Earnings | 10,749,490 |
| TOTAL EQUITY | 6,655,771 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 133,274,958 |
| INCOME & EXPENSE | |
| Loan Income | 4,021,899 |
| Investment Income | 1,027,626 |
| Other Income | 931,269 |
| Total Employee Compensation & Benefits | 2,309,819 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,512,929 |
| Non-operating Income & (Expense) | 13,347 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 336,478 |
| Cost of Funds | 929,470 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 708,964 |
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