Dec, 31, 2020 — ALLENTOWN FEDERAL CREDIT UNION is a federal credit union headquartered in ALLENTOWN, PA with 4 branch locations and about $82.35 million in total assets. Opened 66 years ago in 1955, ALLENTOWN FEDERAL CREDIT UNION has about 6,439 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALLENTOWN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1325 OXFORD DR ALLENTOWN, PA 18103 |
| Phone: | (610) 791-0119 |
| Fax: | |
| Website: | http://www.allentownfcu.com |
| Branches: | 4 branch locations |
| Members: | 6,439 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10015 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Mar 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $82,352,557 |
| CEO/Manager: | Barry C Weiner |
| Chairperson: | Louis J Stalsitz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,813,166 |
| TOTAL INVESTMENTS | 18,697,191 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 32,013,635 |
| Unsecured Loans | 3,586,035 |
| Other Loans | 5,446,915 |
| TOTAL LOANS | 41,660,009 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -254,932 |
| Land And Building | 403,903 |
| Other Fixed Assets | 58,632 |
| NCUSIF Deposit | 662,591 |
| All Other Assets | 311,997 |
| TOTAL ASSETS | 82,352,557 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 27,805 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,051,156 |
| Regular shares | 57,191,032 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 73,242,188 |
| TOTAL LIABILITIES | 73,269,993 |
| Regular Reserve | 1,057,890 |
| Other Reserves | 0 |
| Undivided Earnings | 8,024,674 |
| TOTAL EQUITY | 9,082,564 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 82,352,557 |
| INCOME & EXPENSE | |
| Loan Income | 1,669,846 |
| Investment Income | 195,119 |
| Other Income | 450,601 |
| Total Employee Compensation & Benefits | 903,822 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,055,460 |
| Non-operating Income & (Expense) | 14,398 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 64,000 |
| Cost of Funds | 126,803 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 179,879 |
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