Dec, 31, 2023 — PENLANCO FEDERAL CREDIT UNION is a federal credit union headquartered in LANCASTER, PA with 2 branch locations and about $25.85 million in total assets. Opened 86 years ago in 1938, PENLANCO FEDERAL CREDIT UNION has about 1,642 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PENLANCO FEDERAL CREDIT UNION |
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Address: (Main Office) | 20E E Roseville Rd LANCASTER, PA 17601-3871 |
Phone: | (717) 569-9621 |
Fax: | (717) 569-9665 |
Website: | https://www.penlancofcu.com |
Branches: | 2 branch locations |
Members: | 1,642 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2834 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $25,851,330 |
CEO/Manager: | STACEY M REMICK |
Chairperson: | ANNETTE M CEVIS |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,312,466 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 8,166,842 |
Unsecured Loans | 1,232,756 |
Other Loans | 6,909,606 |
TOTAL LOANS | 16,309,204 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,309 |
Land And Building | 0 |
Other Fixed Assets | 29,156 |
NCUSIF Deposit | 221,381 |
All Other Assets | 0 |
TOTAL ASSETS | 25,851,330 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 136,191 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 430,458 |
Regular shares | 14,662,596 |
All Other Shares & Deposits | 7,379,001 |
TOTAL SHARES & DEPOSITS | 22,472,054 |
TOTAL LIABILITIES | 22,608,245 |
Regular Reserve | 0 |
Other Reserves | 35,642 |
Undivided Earnings | 3,207,443 |
TOTAL EQUITY | 3,243,085 |
TOTAL LIABILITIES, SHARES, & EQUITY | 25,851,330 |
INCOME & EXPENSE | |
Loan Income | 642,585 |
Investment Income | 179,937 |
Other Income | 11,267 |
Total Employee Compensation & Benefits | 347,476 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 257,727 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -5,000 |
Cost of Funds | 245,191 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 64,358 |
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