Dec, 31, 2023 — FRIENDLY FEDERAL CREDIT UNION is a federal credit union headquartered in ALIQUIPPA, PA with 2 branch locations and about $66.05 million in total assets. Opened 69 years ago in 1955, FRIENDLY FEDERAL CREDIT UNION has about 4,737 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FRIENDLY FEDERAL CREDIT UNION |
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Address: (Main Office) | 2000 Main St ALIQUIPPA, PA 15001-2760 |
Phone: | (724) 375-0488 |
Fax: | (724) 375-1938 |
Website: | https://www.friendlyfcu.org |
Branches: | 2 branch locations |
Members: | 4,737 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10184 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $66,052,460 |
CEO/Manager: | Cynthia Hladio |
Chairperson: | Carl Hennen |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,769,368 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 14,401,580 |
Unsecured Loans | 4,546,624 |
Other Loans | 9,516,581 |
TOTAL LOANS | 28,464,785 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -160,843 |
Land And Building | 395,042 |
Other Fixed Assets | 8,826 |
NCUSIF Deposit | 580,265 |
All Other Assets | 0 |
TOTAL ASSETS | 66,052,460 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 5,983 |
Notes & Interest Payable | 565,224 |
Accounts Payable & Other Liabilities | 2,561 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,574,723 |
Regular shares | 35,323,920 |
All Other Shares & Deposits | 9,481,844 |
TOTAL SHARES & DEPOSITS | 54,380,487 |
TOTAL LIABILITIES | 54,954,255 |
Regular Reserve | 0 |
Other Reserves | 1,203,661 |
Undivided Earnings | 9,894,544 |
TOTAL EQUITY | 11,098,205 |
TOTAL LIABILITIES, SHARES, & EQUITY | 66,052,460 |
INCOME & EXPENSE | |
Loan Income | 1,252,262 |
Investment Income | 525,539 |
Other Income | 51,129 |
Total Employee Compensation & Benefits | 426,737 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 807,377 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 135,000 |
Cost of Funds | 217,350 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 324,820 |
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