Dec, 31, 2023 — NEW ALLIANCE FEDERAL CREDIT UNION is a federal credit union headquartered in AMBRIDGE, PA with 4 branch locations and about $98.65 million in total assets. Opened 89 years ago in 1935, NEW ALLIANCE FEDERAL CREDIT UNION has about 7,532 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEW ALLIANCE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 835 Merchant St AMBRIDGE, PA 15003 |
| Phone: | (724) 266-7675 |
| Fax: | (724) 266-3369 |
| Website: | https://www.newalliancefcu.com |
| Branches: | 4 branch locations |
| Members: | 7,532 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 373 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $98,654,918 |
| CEO/Manager: | Patricia A Schimonsky |
| Chairperson: | Alex Barlamas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,883,665 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 35,307,347 |
| Unsecured Loans | 5,414,736 |
| Other Loans | 15,981,233 |
| TOTAL LOANS | 56,703,316 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -329,843 |
| Land And Building | 3,765,714 |
| Other Fixed Assets | 141,633 |
| NCUSIF Deposit | 866,900 |
| All Other Assets | 6,947 |
| TOTAL ASSETS | 98,654,918 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 606,666 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,491,806 |
| Regular shares | 39,901,333 |
| All Other Shares & Deposits | 25,775,937 |
| TOTAL SHARES & DEPOSITS | 90,169,076 |
| TOTAL LIABILITIES | 90,775,742 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,879,176 |
| TOTAL EQUITY | 7,879,176 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 98,654,918 |
| INCOME & EXPENSE | |
| Loan Income | 2,540,174 |
| Investment Income | 543,391 |
| Other Income | 532,062 |
| Total Employee Compensation & Benefits | 1,402,798 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,265,397 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 131,296 |
| Cost of Funds | 562,068 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -217,135 |
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