Mar, 31, 2022 — ALLENTOWN FEDERAL CREDIT UNION is a federal credit union headquartered in ALLENTOWN, PA with 3 branch locations and about $93.17 million in total assets. Opened 67 years ago in 1955, ALLENTOWN FEDERAL CREDIT UNION has about 6,066 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: | http://www.allentownfcu.com |
| Branches: | 3 branch locations |
| Members: | 6,066 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $93,171,005 |
| CEO/Manager: | Barry C Weiner |
| Chairperson: | Louis J Stalsitz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 39,668,195 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 31,425,253 |
| Unsecured Loans | 3,126,384 |
| Other Loans | 5,003,664 |
| TOTAL LOANS | 39,555,301 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -246,987 |
| Land And Building | 338,595 |
| Other Fixed Assets | 38,632 |
| NCUSIF Deposit | 774,019 |
| All Other Assets | 0 |
| TOTAL ASSETS | 93,171,005 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 39,248 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,474,880 |
| Regular shares | 67,367,045 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 83,841,925 |
| TOTAL LIABILITIES | 83,881,173 |
| Regular Reserve | 0 |
| Other Reserves | 1,057,890 |
| Undivided Earnings | 8,231,942 |
| TOTAL EQUITY | 9,289,832 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 93,171,005 |
| INCOME & EXPENSE | |
| Loan Income | 361,445 |
| Investment Income | 41,954 |
| Other Income | 125,629 |
| Total Employee Compensation & Benefits | 208,904 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 305,383 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 21,902 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -641 |
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