Dec, 31, 2023 — U F C W LOCAL 1776 FEDERAL CREDIT UNION is a federal credit union headquartered in PLYMOUTH MEETING, PA with 1 branch location and about $8.56 million in total assets. Opened 61 years ago in 1963, U F C W LOCAL 1776 FEDERAL CREDIT UNION has about 3,000 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | U F C W LOCAL 1776 FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 3031A Walton Rd Ste 310 PLYMOUTH MEETING, PA 19462-2369 |
Phone: | (610) 941-2604 |
Fax: | (610) 941-2608 |
Website: | https://www.1776creditunion.org |
Branches: | 1 branch locations |
Members: | 3,000 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15652 |
---|---|
Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $8,556,951 |
CEO/Manager: | Tina Wellington |
Chairperson: | William Fahringer |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 207,405 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,086,607 |
Unsecured Loans | 1,212,917 |
Other Loans | 1,383,540 |
TOTAL LOANS | 4,683,063 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -38,439 |
Land And Building | 0 |
Other Fixed Assets | 2,847 |
NCUSIF Deposit | 84,106 |
All Other Assets | 0 |
TOTAL ASSETS | 8,556,951 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 70,830 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,155,889 |
Regular shares | 5,209,320 |
All Other Shares & Deposits | 1,118,714 |
TOTAL SHARES & DEPOSITS | 7,483,921 |
TOTAL LIABILITIES | 7,554,751 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,002,200 |
TOTAL EQUITY | 1,002,200 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,556,951 |
INCOME & EXPENSE | |
Loan Income | 296,679 |
Investment Income | 227,582 |
Other Income | 113,927 |
Total Employee Compensation & Benefits | 260,137 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 200,324 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 48,206 |
Cost of Funds | 1,814 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 147,039 |
↑ Back to Top |