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GLASS CAP FEDERAL CREDIT UNION

Dec, 31, 2023 — GLASS CAP FEDERAL CREDIT UNION is a federal credit union headquartered in CONNELLSVILLE, PA with 2 branch locations and about $43.05 million in total assets. Opened 64 years ago in 1960, GLASS CAP FEDERAL CREDIT UNION has about 4,874 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:GLASS CAP FEDERAL CREDIT UNION
Address:
(Main Office)
241 N Pittsburgh St
CONNELLSVILLE, PA 15425-3209
Phone:(724) 628-2424
Fax:(724) 628-0636
Website:https://www.glasscapfcu.com
Branches:2 branch locations
Members:4,874
Credit Union Type:Federal Credit Union
Charter Number:13733
Membership Type:Multiple common bond - Primarily other manufacturing
Corporate Credit Union:No
Year Opened:1960
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$43,047,973
CEO/Manager:Rebecca E Detrick
Chairperson:John Andursky

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,390,444
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 5,359,916
 Unsecured Loans 2,004,521
 Other Loans 13,941,775
 TOTAL LOANS 21,306,212
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -47,909
 Land And Building 334,330
 Other Fixed Assets 210,716
 NCUSIF Deposit 369,711
 All Other Assets 0
  TOTAL ASSETS 43,047,973
LIABILITIES & CAPITAL:  
 Dividends Payable 29,057
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 446,958
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,137,884
 Regular shares 24,613,270
 All Other Shares & Deposits 6,360,812
  TOTAL SHARES & DEPOSITS 37,111,967
  TOTAL LIABILITIES 37,587,982
 Regular Reserve 0
 Other Reserves -317,865
 Undivided Earnings 5,777,856
  TOTAL EQUITY 5,459,991
  TOTAL LIABILITIES, SHARES, & EQUITY 43,047,973
INCOME & EXPENSE  
 Loan Income 1,138,334
 Investment Income 816,729
 Other Income 164,980
 Total Employee Compensation & Benefits 511,998
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 800,698
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,815
 Cost of Funds 108,977
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 937,620
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