Dec, 31, 2023 — ALLENTOWN FEDERAL CREDIT UNION is a federal credit union headquartered in ALLENTOWN, PA with 4 branch locations and about $122.29 million in total assets. Opened 69 years ago in 1955, ALLENTOWN FEDERAL CREDIT UNION has about 7,513 members and employs 15 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: | https://www.allentownfcu.com |
| Branches: | 4 branch locations |
| Members: | 7,513 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $122,289,454 |
| CEO/Manager: | Albert F Farnschlader |
| Chairperson: | Louis J Stalsitz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,864,891 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 56,380,511 |
| Unsecured Loans | 4,345,035 |
| Other Loans | 10,165,157 |
| TOTAL LOANS | 70,890,703 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -182,613 |
| Land And Building | 1,190,528 |
| Other Fixed Assets | 112,854 |
| NCUSIF Deposit | 1,081,659 |
| All Other Assets | 0 |
| TOTAL ASSETS | 122,289,454 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 69,659 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,520,848 |
| Regular shares | 82,693,481 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 105,214,329 |
| TOTAL LIABILITIES | 105,283,988 |
| Regular Reserve | 0 |
| Other Reserves | 1,656,190 |
| Undivided Earnings | 15,349,276 |
| TOTAL EQUITY | 17,005,466 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 122,289,454 |
| INCOME & EXPENSE | |
| Loan Income | 2,580,562 |
| Investment Income | 2,152,491 |
| Other Income | 624,348 |
| Total Employee Compensation & Benefits | 1,400,756 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,574,058 |
| Non-operating Income & (Expense) | 142,791 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 65,000 |
| Cost of Funds | 811,789 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,648,589 |
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