Mar, 31, 2021 — FAYETTE FEDERAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in UNIONTOWN, PA with 1 branch location and about $15.05 million in total assets. Opened 66 years ago in 1955, FAYETTE FEDERAL EMPLOYEES FEDERAL CREDIT UNION has about 1,246 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FAYETTE FEDERAL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 364 MORGANTOWN ST UNIONTOWN, PA 15401 |
| Phone: | (724) 438-3070 |
| Fax: | (724) 438-0924 |
| Website: | http://www.ffefcu.org |
| Branches: | 1 branch locations |
| Members: | 1,246 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10690 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,047,115 |
| CEO/Manager: | Wendy S Myden |
| Chairperson: | ROBERT CALLARO |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,465,030 |
| TOTAL INVESTMENTS | 8,012,119 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 988,400 |
| Unsecured Loans | 1,158,911 |
| Other Loans | 2,141,698 |
| TOTAL LOANS | 4,289,009 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -52,288 |
| Land And Building | 156,115 |
| Other Fixed Assets | 21,069 |
| NCUSIF Deposit | 107,583 |
| All Other Assets | 48,478 |
| TOTAL ASSETS | 15,047,115 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,507 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,489 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,723,787 |
| Regular shares | 9,618,142 |
| All Other Shares & Deposits | 1,759,720 |
| TOTAL SHARES & DEPOSITS | 13,101,649 |
| TOTAL LIABILITIES | 13,115,645 |
| Regular Reserve | 149,803 |
| Other Reserves | 0 |
| Undivided Earnings | 1,781,667 |
| TOTAL EQUITY | 1,931,470 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,047,115 |
| INCOME & EXPENSE | |
| Loan Income | 75,913 |
| Investment Income | 22,944 |
| Other Income | 5,456 |
| Total Employee Compensation & Benefits | 59,279 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 46,013 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 4,559 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,345 |
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