Sep, 30, 2025 — WIDGET FEDERAL CREDIT UNION is a federal credit union headquartered in ERIE, PA with 8 branch locations and about $463.15 million in total assets. Opened 90 years ago in 1936, WIDGET FEDERAL CREDIT UNION has about 48,973 members and employs 118 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WIDGET FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2154 E Lake Rd ERIE, PA 16511-1140 |
| Phone: | (814) 456-6231 |
| Fax: | (814) 875-4600 |
| Website: | https://www.widgetfinancial.com |
| Branches: | 8 branch locations |
| Members: | 48,973 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1117 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $463,154,271 |
| CEO/Manager: | Matthew T Margosian |
| Chairperson: | Marko Jovanovich |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 44,896,524 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 528,331 |
| Real Estate Loans | 86,708,529 |
| Unsecured Loans | 22,224,638 |
| Other Loans | 157,104,042 |
| TOTAL LOANS | 266,083,653 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,452,621 |
| Land And Building | 12,055,923 |
| Other Fixed Assets | 2,885,934 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,814,379 |
| All Other Assets | 0 |
| TOTAL ASSETS | 463,154,271 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,006,335 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 121,255,850 |
| Regular shares | 162,103,518 |
| All Other Shares & Deposits | 128,565,772 |
| TOTAL SHARES & DEPOSITS | 411,925,138 |
| TOTAL LIABILITIES | 413,931,473 |
| Regular Reserve | 0 |
| Other Reserves | 176,145 |
| Undivided Earnings | 49,046,653 |
| TOTAL EQUITY | 49,222,798 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 463,154,271 |
| INCOME & EXPENSE | |
| Loan Income | 10,218,375 |
| Investment Income | 4,040,747 |
| Other Income | 2,785,961 |
| Total Employee Compensation & Benefits | 6,749,138 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,815,915 |
| Non-operating Income & (Expense) | -13,171 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 562,653 |
| Cost of Funds | 4,210,004 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,285,905 |
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