Dec, 31, 2023 — COMMUNITY CONNECT FEDERAL CREDIT UNION is a federal credit union headquartered in TITUSVILLE, PA with 2 branch locations and about $25.42 million in total assets. Opened 68 years ago in 1956, COMMUNITY CONNECT FEDERAL CREDIT UNION has about 2,972 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMUNITY CONNECT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1050 E Spring St TITUSVILLE, PA 16354-7826 |
| Phone: | (814) 827-4605 |
| Fax: | (814) 827-9848 |
| Website: | https://www.communityconnectfcu.com |
| Branches: | 2 branch locations |
| Members: | 2,972 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11172 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $25,415,538 |
| CEO/Manager: | Kurtis G Billig |
| Chairperson: | William Allen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,842,402 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,428,432 |
| Unsecured Loans | 2,497,706 |
| Other Loans | 7,269,995 |
| TOTAL LOANS | 12,196,133 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -175,083 |
| Land And Building | 88,856 |
| Other Fixed Assets | 26,031 |
| NCUSIF Deposit | 239,570 |
| All Other Assets | 0 |
| TOTAL ASSETS | 25,415,538 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 42,050 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,788,439 |
| Regular shares | 13,841,690 |
| All Other Shares & Deposits | 3,047,124 |
| TOTAL SHARES & DEPOSITS | 22,677,254 |
| TOTAL LIABILITIES | 22,719,304 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,696,234 |
| TOTAL EQUITY | 2,696,234 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,415,538 |
| INCOME & EXPENSE | |
| Loan Income | 710,286 |
| Investment Income | 196,641 |
| Other Income | 131,738 |
| Total Employee Compensation & Benefits | 400,050 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 497,299 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 229,110 |
| Cost of Funds | 37,337 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 83,881 |
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