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ARC FEDERAL CREDIT UNION

Mar, 31, 2021 — ARC FEDERAL CREDIT UNION is a federal credit union headquartered in Altoona, PA with 2 branch locations and about $124.77 million in total assets. Opened 65 years ago in 1956, ARC FEDERAL CREDIT UNION has about 13,219 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:13,219
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:$124,767,206
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 28,073,774
TOTAL INVESTMENTS 29,920,508
Loans Held for Sale 0
 
 Real Estate Loans 31,382,224
 Unsecured Loans 13,261,219
 Other Loans 18,297,232
 TOTAL LOANS 63,004,625
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -381,148
 Land And Building 2,072,358
 Other Fixed Assets 251,704
 NCUSIF Deposit 980,452
 All Other Assets 844,933
  TOTAL ASSETS 124,767,206
LIABILITIES & CAPITAL:  
 Dividends Payable 2,778
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 580,387
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 33,206,380
 Regular shares 59,686,997
 All Other Shares & Deposits 21,485,773
  TOTAL SHARES & DEPOSITS 114,379,150
  TOTAL LIABILITIES 114,962,315
 Regular Reserve 605,273
 Other Reserves 163,617
 Undivided Earnings 9,036,001
  TOTAL EQUITY 9,804,891
  TOTAL LIABILITIES, SHARES, & EQUITY 124,767,206
INCOME & EXPENSE  
 Loan Income 701,585
 Investment Income 92,927
 Other Income 133,277
 Total Employee Compensation & Benefits 515,563
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 385,416
 Non-operating Income & (Expense) 202,739
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -47,116
 Cost of Funds 60,853
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 408,685
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