Dec, 31, 2023 — URE FEDERAL CREDIT UNION is a federal credit union headquartered in EAST PITTSBURGH, PA with 1 branch location and about $10.21 million in total assets. Opened 88 years ago in 1936, URE FEDERAL CREDIT UNION has about 1,036 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: | URE FEDERAL CREDIT UNION |
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Address: (Main Office) | 201 Beech St EAST PITTSBURGH, PA 15112 |
Phone: | (412) 824-1166 |
Fax: | (412) 824-0310 |
Website: | https://urefcu.org |
Branches: | 1 branch locations |
Members: | 1,036 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 986 |
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Membership Type: | Multiple common bond - Primarily transportation equipment |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $10,207,313 |
CEO/Manager: | Beth A Savulak |
Chairperson: | Paul L Weir |
ASSETS: | $ Amount |
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Cash & Equivalents | 370,422 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 107,308 |
Unsecured Loans | 1,174,786 |
Other Loans | 3,887,704 |
TOTAL LOANS | 5,169,798 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,006 |
Land And Building | 5,828 |
Other Fixed Assets | 1,435 |
NCUSIF Deposit | 93,860 |
All Other Assets | 0 |
TOTAL ASSETS | 10,207,313 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 22 |
Notes & Interest Payable | 175,000 |
Accounts Payable & Other Liabilities | 3,619 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 865,172 |
Regular shares | 6,534,399 |
All Other Shares & Deposits | 1,009,766 |
TOTAL SHARES & DEPOSITS | 8,409,338 |
TOTAL LIABILITIES | 8,587,979 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,619,334 |
TOTAL EQUITY | 1,619,334 |
TOTAL LIABILITIES, SHARES, & EQUITY | 10,207,313 |
INCOME & EXPENSE | |
Loan Income | 316,122 |
Investment Income | 91,442 |
Other Income | 19,625 |
Total Employee Compensation & Benefits | 129,571 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 180,953 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 27,871 |
Cost of Funds | 20,788 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 67,734 |
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