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DERTOWN SCHOOL FEDERAL CREDIT UNION

Dec, 31, 2020 — DERTOWN SCHOOL FEDERAL CREDIT UNION is a federal credit union headquartered in Latrobe, PA with 1 branch location and about $9.88 million in total assets. Opened 66 years ago in 1955, DERTOWN SCHOOL FEDERAL CREDIT UNION has about 705 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:705
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:$9,883,380
CEO/Manager:Nancy Fiorina
Chairperson:William Wingard

Call Report

  • Real Estate Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 954,219
TOTAL INVESTMENTS 2,154,000
Loans Held for Sale 0
 
 Real Estate Loans 2,687,317
 Unsecured Loans 402,187
 Other Loans 3,665,064
 TOTAL LOANS 6,754,568
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -42,187
 Land And Building 0
 Other Fixed Assets 110
 NCUSIF Deposit 57,342
 All Other Assets 5,328
  TOTAL ASSETS 9,883,380
LIABILITIES & CAPITAL:  
 Dividends Payable 22,502
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 46,648
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 5,089,946
 All Other Shares & Deposits 1,538,149
  TOTAL SHARES & DEPOSITS 6,628,095
  TOTAL LIABILITIES 6,697,245
 Regular Reserve 161,118
 Other Reserves 0
 Undivided Earnings 3,025,017
  TOTAL EQUITY 3,186,135
  TOTAL LIABILITIES, SHARES, & EQUITY 9,883,380
INCOME & EXPENSE  
 Loan Income 228,588
 Investment Income 47,577
 Other Income 585
 Total Employee Compensation & Benefits 117,993
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 34,385
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 57,717
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 66,655
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