Dec, 31, 2023 — NEW CUMBERLAND FEDERAL CREDIT UNION is a federal credit union headquartered in NEW CUMBERLAND, PA with 7 branch locations and about $217.36 million in total assets. Opened 72 years ago in 1952, NEW CUMBERLAND FEDERAL CREDIT UNION has about 23,069 members and employs 56 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 CUMBERLAND FEDERAL CREDIT UNION |
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Address: (Main Office) | 345 Lewisberry Rd NEW CUMBERLAND, PA 17070-2306 |
Phone: | (717) 774-7706 |
Fax: | (717) 774-7996 |
Website: | https://www.ncfcuonline.org |
Branches: | 7 branch locations |
Members: | 23,069 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8110 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $217,355,113 |
CEO/Manager: | Donald M Varner Jr |
Chairperson: | Sara Parrish |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,906,875 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 56,531,821 |
Unsecured Loans | 21,301,707 |
Other Loans | 105,231,890 |
TOTAL LOANS | 183,065,418 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -716,789 |
Land And Building | 5,493,230 |
Other Fixed Assets | 323,893 |
NCUSIF Deposit | 1,908,231 |
All Other Assets | 0 |
TOTAL ASSETS | 217,355,113 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,640,150 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 40,581,551 |
Regular shares | 64,476,335 |
All Other Shares & Deposits | 92,025,048 |
TOTAL SHARES & DEPOSITS | 197,082,934 |
TOTAL LIABILITIES | 199,723,084 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 17,632,029 |
TOTAL EQUITY | 17,632,029 |
TOTAL LIABILITIES, SHARES, & EQUITY | 217,355,113 |
INCOME & EXPENSE | |
Loan Income | 8,818,564 |
Investment Income | 282,089 |
Other Income | 779,101 |
Total Employee Compensation & Benefits | 4,113,377 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,921,041 |
Non-operating Income & (Expense) | 936,489 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 766,341 |
Cost of Funds | 1,362,039 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,282,024 |
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