Dec, 31, 2023 — HIGHWAY FEDERAL CREDIT UNION is a federal credit union headquartered in HUGHESTOWN, PA with 2 branch locations and about $29.25 million in total assets. Opened 53 years ago in 1971, HIGHWAY FEDERAL CREDIT UNION has about 2,473 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HIGHWAY FEDERAL CREDIT UNION |
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Address: (Main Office) | 405 Laurel St HUGHESTOWN, PA 18640 |
Phone: | (570) 602-7400 |
Fax: | (570) 602-7402 |
Website: | https://highwayfcu.org |
Branches: | 2 branch locations |
Members: | 2,473 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20691 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1971 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $29,245,836 |
CEO/Manager: | TRACEY A CAREY |
Chairperson: | Robert Havard |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,867,487 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,218,271 |
Unsecured Loans | 2,720,318 |
Other Loans | 6,424,599 |
TOTAL LOANS | 12,363,187 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -182,515 |
Land And Building | 0 |
Other Fixed Assets | 15,631 |
NCUSIF Deposit | 238,056 |
All Other Assets | 0 |
TOTAL ASSETS | 29,245,836 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 178,676 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,693,839 |
Regular shares | 14,096,810 |
All Other Shares & Deposits | 4,343,263 |
TOTAL SHARES & DEPOSITS | 24,133,912 |
TOTAL LIABILITIES | 24,312,588 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 4,933,248 |
TOTAL EQUITY | 4,933,248 |
TOTAL LIABILITIES, SHARES, & EQUITY | 29,245,836 |
INCOME & EXPENSE | |
Loan Income | 702,898 |
Investment Income | 595,261 |
Other Income | 124,873 |
Total Employee Compensation & Benefits | 411,905 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 588,719 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 69,375 |
Cost of Funds | 155,575 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 398,062 |
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