Mar, 31, 2021 — ALLENTOWN FEDERAL CREDIT UNION is a federal credit union headquartered in ALLENTOWN, PA with 4 branch locations and about $86.71 million in total assets. Opened 66 years ago in 1955, ALLENTOWN FEDERAL CREDIT UNION has about 6,436 members and employs 16 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: | 6,436 |
| 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: | $86,713,627 |
| CEO/Manager: | Barry C Weiner |
| Chairperson: | Louis J Stalsitz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 26,608,994 |
| TOTAL INVESTMENTS | 18,201,191 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 31,684,836 |
| Unsecured Loans | 3,305,243 |
| Other Loans | 5,210,040 |
| TOTAL LOANS | 40,749,449 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -261,712 |
| Land And Building | 391,327 |
| Other Fixed Assets | 50,336 |
| NCUSIF Deposit | 662,591 |
| All Other Assets | 311,451 |
| TOTAL ASSETS | 86,713,627 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 37,110 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,906,370 |
| Regular shares | 60,650,685 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 77,557,055 |
| TOTAL LIABILITIES | 77,594,165 |
| Regular Reserve | 1,057,890 |
| Other Reserves | 0 |
| Undivided Earnings | 8,061,572 |
| TOTAL EQUITY | 9,119,462 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 86,713,627 |
| INCOME & EXPENSE | |
| Loan Income | 381,748 |
| Investment Income | 29,856 |
| Other Income | 121,589 |
| Total Employee Compensation & Benefits | 209,049 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 260,414 |
| Non-operating Income & (Expense) | 2,040 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,000 |
| Cost of Funds | 22,873 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 36,897 |
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