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FREEDOM UNITED FEDERAL CREDIT UNION

Dec, 31, 2023 — FREEDOM UNITED FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHESTER, PA with 3 branch locations and about $84.76 million in total assets. Opened 85 years ago in 1939, FREEDOM UNITED FEDERAL CREDIT UNION has about 6,971 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:FREEDOM UNITED FEDERAL CREDIT UNION
Address:
(Main Office)
283 Adams St
ROCHESTER, PA 15074-2143
Phone:(724) 774-5575
Fax:(724) 774-6750
Website:https://freedomunitedfcu.com
Branches:3 branch locations
Members:6,971
Credit Union Type:Federal Credit Union
Charter Number:3487
Membership Type:Multiple common bond - Primarily petroleum refining
Corporate Credit Union:No
Year Opened:1939
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$84,760,373
CEO/Manager:JEFFREY B SMITH
Chairperson:ANDREW A DENGEL

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,849,767
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 9,192,936
 Unsecured Loans 2,701,448
 Other Loans 12,796,983
 TOTAL LOANS 24,691,367
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -125,167
 Land And Building 787,451
 Other Fixed Assets 29,538
 NCUSIF Deposit 730,077
 All Other Assets 30,000
  TOTAL ASSETS 84,760,373
LIABILITIES & CAPITAL:  
 Dividends Payable 414
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 119,666
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 16,375,217
 Regular shares 39,754,313
 All Other Shares & Deposits 14,960,826
  TOTAL SHARES & DEPOSITS 71,090,356
  TOTAL LIABILITIES 71,210,436
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 13,549,937
  TOTAL EQUITY 13,549,937
  TOTAL LIABILITIES, SHARES, & EQUITY 84,760,373
INCOME & EXPENSE  
 Loan Income 1,351,256
 Investment Income 939,457
 Other Income 103,657
 Total Employee Compensation & Benefits 906,803
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,060,846
 Non-operating Income & (Expense) 150
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 36,000
 Cost of Funds 115,283
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 802,838
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