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DERTOWN SCHOOL FEDERAL CREDIT UNION

Sep, 30, 2021 — DERTOWN SCHOOL FEDERAL CREDIT UNION is a federal credit union headquartered in Latrobe, PA with 1 branch location and about $10.24 million in total assets. Opened 67 years ago in 1955, DERTOWN SCHOOL FEDERAL CREDIT UNION has about 713 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:DERTOWN SCHOOL FEDERAL CREDIT UNION
Address:
(Main Office)
5012 State Route 982 APT 3
Latrobe, PA 15650-3404
Phone:(724) 331-4954
Fax:
Website:n/a
Branches:1 branch locations
Members:713
Credit Union Type:Federal Credit Union
Charter Number:10141
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1955
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$10,244,491
CEO/Manager:Nancy Fiorina
Chairperson:William Wingard

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 360,578
TOTAL INVESTMENTS 1,753,000
Loans Held for Sale 0
 
 Real Estate Loans 3,848,577
 Unsecured Loans 347,251
 Other Loans 3,901,912
 TOTAL LOANS 8,097,740
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -45,968
 Land And Building 0
 Other Fixed Assets 110
 NCUSIF Deposit 66,281
 All Other Assets 12,750
  TOTAL ASSETS 10,244,491
LIABILITIES & CAPITAL:  
 Dividends Payable 16,752
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 46,436
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 5,362,738
 All Other Shares & Deposits 1,584,494
  TOTAL SHARES & DEPOSITS 6,947,232
  TOTAL LIABILITIES 7,010,420
 Regular Reserve 161,118
 Other Reserves 0
 Undivided Earnings 3,072,953
  TOTAL EQUITY 3,234,071
  TOTAL LIABILITIES, SHARES, & EQUITY 10,244,491
INCOME & EXPENSE  
 Loan Income 186,813
 Investment Income 21,535
 Other Income 149
 Total Employee Compensation & Benefits 96,839
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 31,039
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 32,683
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 47,936
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