Dec, 31, 2023 — PPG & ASSOCIATES FEDERAL CREDIT UNION is a federal credit union headquartered in CREIGHTON, PA with 2 branch locations and about $21.36 million in total assets. Opened 89 years ago in 1935, PPG & ASSOCIATES FEDERAL CREDIT UNION has about 1,777 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: | PPG & ASSOCIATES FEDERAL CREDIT UNION |
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Address: (Main Office) | 101 Bailies Run Rd CREIGHTON, PA 15030-1066 |
Phone: | (724) 224-1777 |
Fax: | (724) 224-3226 |
Website: | https://ppgfcu.org |
Branches: | 2 branch locations |
Members: | 1,777 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 370 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $21,363,801 |
CEO/Manager: | Sean P O'Leary |
Chairperson: | Julia L Yockey |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,936,975 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,347,910 |
Unsecured Loans | 1,214,721 |
Other Loans | 2,706,310 |
TOTAL LOANS | 5,268,941 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -48,560 |
Land And Building | 39,431 |
Other Fixed Assets | 15,776 |
NCUSIF Deposit | 207,255 |
All Other Assets | 0 |
TOTAL ASSETS | 21,363,801 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 440 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 35,866 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,504,014 |
Regular shares | 15,924,250 |
All Other Shares & Deposits | 1,030,592 |
TOTAL SHARES & DEPOSITS | 19,458,856 |
TOTAL LIABILITIES | 19,495,162 |
Regular Reserve | 0 |
Other Reserves | -398,963 |
Undivided Earnings | 2,267,602 |
TOTAL EQUITY | 1,868,639 |
TOTAL LIABILITIES, SHARES, & EQUITY | 21,363,801 |
INCOME & EXPENSE | |
Loan Income | 280,169 |
Investment Income | 231,046 |
Other Income | 41,232 |
Total Employee Compensation & Benefits | 293,773 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 275,783 |
Non-operating Income & (Expense) | 59,839 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 27,692 |
Cost of Funds | 15,077 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 12,357 |
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