Dec, 31, 2023 — PINPOINT FEDERAL CREDIT UNION is a federal credit union headquartered in MILTON, PA with 2 branch locations and about $31.97 million in total assets. Opened 68 years ago in 1956, PINPOINT FEDERAL CREDIT UNION has about 3,007 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PINPOINT FEDERAL CREDIT UNION |
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Address: (Main Office) | 37 FERRY LN MILTON, PA 17847-2601 |
Phone: | (570) 742-3903 |
Fax: | (570) 742-0389 |
Website: | https://www.pinpointfcu.org |
Branches: | 2 branch locations |
Members: | 3,007 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11242 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $31,967,381 |
CEO/Manager: | Brenda L Raker |
Chairperson: | Jason R Budman |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,577,136 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 9,699,231 |
Unsecured Loans | 1,788,945 |
Other Loans | 10,416,975 |
TOTAL LOANS | 23,767,469 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,836 |
Land And Building | 2,344,691 |
Other Fixed Assets | 97,117 |
NCUSIF Deposit | 288,055 |
All Other Assets | 101,816 |
TOTAL ASSETS | 31,967,381 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 18,700 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -4,231 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,471,401 |
Regular shares | 5,330,497 |
All Other Shares & Deposits | 20,293,991 |
TOTAL SHARES & DEPOSITS | 30,095,889 |
TOTAL LIABILITIES | 30,110,358 |
Regular Reserve | 0 |
Other Reserves | -141,745 |
Undivided Earnings | 1,998,768 |
TOTAL EQUITY | 1,857,023 |
TOTAL LIABILITIES, SHARES, & EQUITY | 31,967,381 |
INCOME & EXPENSE | |
Loan Income | 1,188,746 |
Investment Income | 92,807 |
Other Income | 174,363 |
Total Employee Compensation & Benefits | 561,037 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 924,488 |
Non-operating Income & (Expense) | -2,372 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 94,306 |
Cost of Funds | 277,450 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -155,596 |
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» See also Statement of Financial Condition