Dec, 31, 2023 — FRANKLIN REGIONAL SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in JEANNETTE, PA with 1 branch location and about $3.02 million in total assets. Opened 56 years ago in 1968, FRANKLIN REGIONAL SCHOOLS FEDERAL CREDIT UNION has about 411 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FRANKLIN REGIONAL SCHOOLS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4068 Bushy Run Rd JEANNETTE, PA 15644-4548 |
| Phone: | (724) 523-9448 |
| Fax: | (724) 523-2601 |
| Website: | https://www.frsfcu.com |
| Branches: | 1 branch locations |
| Members: | 411 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18582 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1968 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,022,319 |
| CEO/Manager: | John K Blank |
| Chairperson: | Joseph Racchini |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 154,999 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 111,455 |
| Unsecured Loans | 493,287 |
| Other Loans | 1,458,298 |
| TOTAL LOANS | 2,063,040 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,092 |
| Land And Building | 0 |
| Other Fixed Assets | 10,189 |
| NCUSIF Deposit | 30,141 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,022,319 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 24 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,464,801 |
| All Other Shares & Deposits | 1,214,165 |
| TOTAL SHARES & DEPOSITS | 2,678,966 |
| TOTAL LIABILITIES | 2,678,990 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 343,329 |
| TOTAL EQUITY | 343,329 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,022,319 |
| INCOME & EXPENSE | |
| Loan Income | 91,736 |
| Investment Income | 23,038 |
| Other Income | 3,471 |
| Total Employee Compensation & Benefits | 49,856 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 60,372 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,653 |
| Cost of Funds | 10,226 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -17,799 |
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