Dec, 31, 2023 — NORTH DISTRICTS CREDIT UNION is a federally insured state chartered credit union headquartered in GIBSONIA, PA with 1 branch location and about $43.68 million in total assets. Opened 82 years ago in 1942, NORTH DISTRICTS CREDIT UNION has about 3,467 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: | NORTH DISTRICTS CREDIT UNION |
|---|---|
| Address: (Main Office) | 5321 WILLIAM FLYNN HWY GIBSONIA, PA 15044 |
| Phone: | (724) 444-8181 |
| Fax: | (724) 444-8111 |
| Website: | https://www.ndcupa.org |
| Branches: | 1 branch locations |
| Members: | 3,467 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61636 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $43,676,102 |
| CEO/Manager: | PAUL G FERO |
| Chairperson: | ROBERT WISKEMANN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,165,899 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,423,709 |
| Unsecured Loans | 3,255,916 |
| Other Loans | 5,291,424 |
| TOTAL LOANS | 16,971,049 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -129,332 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 405,969 |
| All Other Assets | 0 |
| TOTAL ASSETS | 43,676,102 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 47,574 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -53,033 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,498,643 |
| Regular shares | 26,911,855 |
| All Other Shares & Deposits | 4,339,185 |
| TOTAL SHARES & DEPOSITS | 37,749,684 |
| TOTAL LIABILITIES | 37,744,225 |
| Regular Reserve | 0 |
| Other Reserves | 377,735 |
| Undivided Earnings | 5,554,142 |
| TOTAL EQUITY | 5,931,877 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,676,102 |
| INCOME & EXPENSE | |
| Loan Income | 1,048,562 |
| Investment Income | 894,190 |
| Other Income | 92,272 |
| Total Employee Compensation & Benefits | 606,988 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 420,987 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 198,000 |
| Cost of Funds | 163,388 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 648,346 |
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