Dec, 31, 2023 — NORWIN TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH HUNTINGDON, PA with 3 branch locations and about $33.77 million in total assets. Opened 72 years ago in 1952, NORWIN TEACHERS FEDERAL CREDIT UNION has about 3,060 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: | NORWIN TEACHERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 183 Clay Pike NORTH HUNTINGDON, PA 15642 |
Phone: | (724) 864-7469 |
Fax: | (724) 864-9230 |
Website: | https://www.norwinteachersfcu.org |
Branches: | 3 branch locations |
Members: | 3,060 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7842 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $33,774,373 |
CEO/Manager: | Amy C Lichwa |
Chairperson: | Timothy J Kotch |
ASSETS: | $ Amount |
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Cash & Equivalents | 468,996 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 8,116,072 |
Unsecured Loans | 1,575,246 |
Other Loans | 5,994,525 |
TOTAL LOANS | 15,685,841 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -132,274 |
Land And Building | 625,595 |
Other Fixed Assets | 56,139 |
NCUSIF Deposit | 320,610 |
All Other Assets | 0 |
TOTAL ASSETS | 33,774,373 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 42,062 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,923,931 |
Regular shares | 21,423,532 |
All Other Shares & Deposits | 5,729,011 |
TOTAL SHARES & DEPOSITS | 31,076,474 |
TOTAL LIABILITIES | 31,118,536 |
Regular Reserve | 0 |
Other Reserves | 172,330 |
Undivided Earnings | 2,483,507 |
TOTAL EQUITY | 2,655,837 |
TOTAL LIABILITIES, SHARES, & EQUITY | 33,774,373 |
INCOME & EXPENSE | |
Loan Income | 718,310 |
Investment Income | 238,901 |
Other Income | 32,183 |
Total Employee Compensation & Benefits | 435,673 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 348,785 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,457 |
Cost of Funds | 93,118 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 110,662 |
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