Dec, 31, 2020 — FAYETTE FEDERAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in UNIONTOWN, PA with 1 branch location and about $14.65 million in total assets. Opened 66 years ago in 1955, FAYETTE FEDERAL EMPLOYEES FEDERAL CREDIT UNION has about 1,254 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 |
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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: | 1,254 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10690 |
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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: | $14,654,905 |
CEO/Manager: | Wendy S Myden |
Chairperson: | ROBERT CALLARO |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,302,427 |
TOTAL INVESTMENTS | 7,513,990 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,013,091 |
Unsecured Loans | 1,242,116 |
Other Loans | 2,295,601 |
TOTAL LOANS | 4,550,808 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,817 |
Land And Building | 158,817 |
Other Fixed Assets | 22,989 |
NCUSIF Deposit | 107,583 |
All Other Assets | 48,108 |
TOTAL ASSETS | 14,654,905 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 7,847 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 10,895 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,773,454 |
Regular shares | 9,185,195 |
All Other Shares & Deposits | 1,752,389 |
TOTAL SHARES & DEPOSITS | 12,711,038 |
TOTAL LIABILITIES | 12,729,780 |
Regular Reserve | 149,803 |
Other Reserves | 0 |
Undivided Earnings | 1,775,322 |
TOTAL EQUITY | 1,925,125 |
TOTAL LIABILITIES, SHARES, & EQUITY | 14,654,905 |
INCOME & EXPENSE | |
Loan Income | 327,084 |
Investment Income | 135,441 |
Other Income | 70,532 |
Total Employee Compensation & Benefits | 227,327 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 191,437 |
Non-operating Income & (Expense) | 14,165 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,000 |
Cost of Funds | 18,025 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 90,433 |
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