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ARC FEDERAL CREDIT UNION

Dec, 31, 2020 — ARC FEDERAL CREDIT UNION is a federal credit union headquartered in ALTOONA, PA with 2 branch locations and about $113.07 million in total assets. Opened 65 years ago in 1956, ARC FEDERAL CREDIT UNION has about 13,126 members and employs 32 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 231379306
Name:ARC FEDERAL CREDIT UNION
Address:
(Main Office)
1919 7TH AVE
ALTOONA, PA 16602-2237
Phone:(814) 946-0857
Fax:(814) 946-0903
Website:http://www.arcfcu.org
Branches:2 branch locations
Members:13,126
Credit Union Type:Federal Credit Union
Charter Number:11304
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1956
Last Audited:Jun 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$113,070,036
CEO/Manager:Victor A Gioiosa, Jr.
Chairperson:John W Musser

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 21,402,383
TOTAL INVESTMENTS 24,769,496
Loans Held for Sale 0
 
 Real Estate Loans 30,895,025
 Unsecured Loans 13,682,069
 Other Loans 18,743,452
 TOTAL LOANS 63,386,078
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -429,430
 Land And Building 2,099,179
 Other Fixed Assets 263,170
 NCUSIF Deposit 980,452
 All Other Assets 598,708
  TOTAL ASSETS 113,070,036
LIABILITIES & CAPITAL:  
 Dividends Payable 2,928
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 663,237
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 29,403,927
 Regular shares 52,968,807
 All Other Shares & Deposits 20,550,160
  TOTAL SHARES & DEPOSITS 102,922,894
  TOTAL LIABILITIES 103,589,059
 Regular Reserve 605,273
 Other Reserves 248,387
 Undivided Earnings 8,627,317
  TOTAL EQUITY 9,480,977
  TOTAL LIABILITIES, SHARES, & EQUITY 113,070,036
INCOME & EXPENSE  
 Loan Income 2,898,964
 Investment Income 410,015
 Other Income 1,230,005
 Total Employee Compensation & Benefits 1,966,474
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,485,083
 Non-operating Income & (Expense) -16,580
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 194,147
 Cost of Funds 265,955
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 610,745
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