Dec, 31, 2023 — FIRST COMMONWEALTH FEDERAL CREDIT UNION is a federal credit union headquartered in ALLENTOWN, PA with 12 branch locations and about $1.20 billion in total assets. Opened 65 years ago in 1959, FIRST COMMONWEALTH FEDERAL CREDIT UNION has about 81,034 members and employs 226 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST COMMONWEALTH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6126 Hamilton Blvd Ste 100 ALLENTOWN, PA 18106 |
| Phone: | (610) 821-2400 |
| Fax: | |
| Website: | https://www.firstcomcu.org |
| Branches: | 12 branch locations |
| Members: | 81,034 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12765 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,200,492,052 |
| CEO/Manager: | Donna LoStocco |
| Chairperson: | William Ehritz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 74,668,665 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 821,807 |
| Real Estate Loans | 645,096,788 |
| Unsecured Loans | 67,651,224 |
| Other Loans | 230,807,928 |
| TOTAL LOANS | 943,585,807 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,046,022 |
| Land And Building | 28,608,151 |
| Other Fixed Assets | 9,130,786 |
| NCUSIF Deposit | 9,171,527 |
| All Other Assets | 385,970 |
| TOTAL ASSETS | 1,200,492,052 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 27,000,000 |
| Accounts Payable & Other Liabilities | 14,517,063 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 204,673,205 |
| Regular shares | 282,094,676 |
| All Other Shares & Deposits | 568,674,160 |
| TOTAL SHARES & DEPOSITS | 1,055,442,040 |
| TOTAL LIABILITIES | 1,096,959,103 |
| Regular Reserve | 0 |
| Other Reserves | -14,272,906 |
| Undivided Earnings | 117,805,855 |
| TOTAL EQUITY | 103,532,949 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,200,492,052 |
| INCOME & EXPENSE | |
| Loan Income | 48,469,905 |
| Investment Income | 3,036,634 |
| Other Income | 5,066,361 |
| Total Employee Compensation & Benefits | 20,943,544 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 21,661,444 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,202,241 |
| Cost of Funds | 12,416,132 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,588,297 |
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