Dec, 31, 2023 — FAYETTE COUNTY SCHOOL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in UNIONTOWN, PA with 0 branch location and about $20.36 million in total assets. Opened 85 years ago in 1939, FAYETTE COUNTY SCHOOL EMPLOYEES CREDIT UNION has about 2,419 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FAYETTE COUNTY SCHOOL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 193 Edison St UNIONTOWN, PA 15401 |
| Phone: | (724) 438-9019 |
| Fax: | (724) 438-7955 |
| Website: | https://www.fayetteschoolcu.org |
| Branches: | 0 branch locations |
| Members: | 2,419 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61515 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Feb 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $20,357,412 |
| CEO/Manager: | Jill L Pegg |
| Chairperson: | John Wilson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,372,768 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 818,564 |
| Unsecured Loans | 1,732,070 |
| Other Loans | 6,468,387 |
| TOTAL LOANS | 9,019,021 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -88,563 |
| Land And Building | 90,482 |
| Other Fixed Assets | 2,509 |
| NCUSIF Deposit | 180,647 |
| All Other Assets | 0 |
| TOTAL ASSETS | 20,357,412 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,447 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 71,078 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,169,116 |
| Regular shares | 14,086,005 |
| All Other Shares & Deposits | 1,534,092 |
| TOTAL SHARES & DEPOSITS | 16,789,213 |
| TOTAL LIABILITIES | 16,862,738 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,494,674 |
| TOTAL EQUITY | 3,494,674 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 20,357,412 |
| INCOME & EXPENSE | |
| Loan Income | 516,828 |
| Investment Income | 200,235 |
| Other Income | 39,253 |
| Total Employee Compensation & Benefits | 223,051 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 324,512 |
| Non-operating Income & (Expense) | 2 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 35,116 |
| Cost of Funds | 65,409 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 192,045 |
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