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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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