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 |
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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 |
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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 |
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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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