Dec, 31, 2023 — HERSHEY FEDERAL CREDIT UNION is a federal credit union headquartered in HUMMELSTOWN, PA with 2 branch locations and about $104.39 million in total assets. Opened 75 years ago in 1949, HERSHEY FEDERAL CREDIT UNION has about 7,816 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HERSHEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 232 Hershey Rd HUMMELSTOWN, PA 17036 |
| Phone: | (717) 533-9174 |
| Fax: | (717) 583-5234 |
| Website: | https://www.hersheyfcu.org |
| Branches: | 2 branch locations |
| Members: | 7,816 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6095 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $104,387,694 |
| CEO/Manager: | Joseph E Marchese |
| Chairperson: | Franklin D Wagner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,662,347 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 63,746,809 |
| Unsecured Loans | 3,656,169 |
| Other Loans | 23,844,366 |
| TOTAL LOANS | 91,247,346 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -156,962 |
| Land And Building | 2,519,167 |
| Other Fixed Assets | 162,323 |
| NCUSIF Deposit | 884,729 |
| All Other Assets | 0 |
| TOTAL ASSETS | 104,387,694 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 268,176 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,185,676 |
| Regular shares | 36,556,643 |
| All Other Shares & Deposits | 35,739,641 |
| TOTAL SHARES & DEPOSITS | 95,481,960 |
| TOTAL LIABILITIES | 95,752,814 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,634,880 |
| TOTAL EQUITY | 8,634,880 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 104,387,694 |
| INCOME & EXPENSE | |
| Loan Income | 3,981,093 |
| Investment Income | 153,971 |
| Other Income | 416,637 |
| Total Employee Compensation & Benefits | 1,510,086 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,899,729 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 125,027 |
| Cost of Funds | 653,700 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 885,675 |
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