Dec, 31, 2023 — PENNTECH EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in JOHNSONBURG, PA with 1 branch location and about $10.84 million in total assets. Opened 64 years ago in 1960, PENNTECH EMPLOYEES FEDERAL CREDIT UNION has about 1,310 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PENNTECH EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 409 Center St Ste C JOHNSONBURG, PA 15845-1307 |
Phone: | (814) 965-4311 |
Fax: | (814) 965-4623 |
Website: | https://penntechfcu.com |
Branches: | 1 branch locations |
Members: | 1,310 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13469 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $10,843,648 |
CEO/Manager: | Julie Ribovic |
Chairperson: | Robert Paladino |
ASSETS: | $ Amount |
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Cash & Equivalents | 803,061 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 555,499 |
Other Loans | 4,820,669 |
TOTAL LOANS | 5,376,168 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,000 |
Land And Building | 0 |
Other Fixed Assets | 1,234 |
NCUSIF Deposit | 96,059 |
All Other Assets | 0 |
TOTAL ASSETS | 10,843,648 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 25,499 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,291 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 416,959 |
Regular shares | 7,449,452 |
All Other Shares & Deposits | 1,631,458 |
TOTAL SHARES & DEPOSITS | 9,497,869 |
TOTAL LIABILITIES | 9,527,659 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,315,989 |
TOTAL EQUITY | 1,315,989 |
TOTAL LIABILITIES, SHARES, & EQUITY | 10,843,648 |
INCOME & EXPENSE | |
Loan Income | 265,567 |
Investment Income | 174,899 |
Other Income | 4,864 |
Total Employee Compensation & Benefits | 184,994 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 136,415 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,012 |
Cost of Funds | 59,067 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 113,766 |
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