Dec, 31, 2023 — MERCER COUNTY COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in Hermitage, PA with 2 branch locations and about $103.10 million in total assets. Opened 67 years ago in 1957, MERCER COUNTY COMMUNITY FEDERAL CREDIT UNION has about 12,035 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MERCER COUNTY COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 559 N Hermitage Rd Hermitage, PA 16148-3227 |
| Phone: | (724) 981-9410 |
| Fax: | (724) 981-9412 |
| Website: | https://www.mercomfcu.org |
| Branches: | 2 branch locations |
| Members: | 12,035 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11891 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $103,095,075 |
| CEO/Manager: | Sandi Carangi |
| Chairperson: | Edward M Zipay |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,644,629 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,456,137 |
| Unsecured Loans | 5,511,496 |
| Other Loans | 43,460,459 |
| TOTAL LOANS | 56,428,092 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -408,842 |
| Land And Building | 3,745,004 |
| Other Fixed Assets | 30,328 |
| NCUSIF Deposit | 953,825 |
| All Other Assets | 0 |
| TOTAL ASSETS | 103,095,075 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 76,601 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 201,465 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,290,197 |
| Regular shares | 65,249,965 |
| All Other Shares & Deposits | 12,843,869 |
| TOTAL SHARES & DEPOSITS | 92,384,031 |
| TOTAL LIABILITIES | 92,662,097 |
| Regular Reserve | 0 |
| Other Reserves | 215,315 |
| Undivided Earnings | 10,217,663 |
| TOTAL EQUITY | 10,432,978 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 103,095,075 |
| INCOME & EXPENSE | |
| Loan Income | 3,367,424 |
| Investment Income | 866,166 |
| Other Income | 486,251 |
| Total Employee Compensation & Benefits | 1,355,940 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,972,418 |
| Non-operating Income & (Expense) | 206,913 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 530,014 |
| Cost of Funds | 453,187 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 859,576 |
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