Dec, 31, 2020 — USSCO JOHNSTOWN FEDERAL CREDIT UNION is a federal credit union headquartered in JOHNSTOWN, PA with 4 branch locations and about $146.96 million in total assets. Opened 63 years ago in 1958, USSCO JOHNSTOWN FEDERAL CREDIT UNION has about 13,861 members and employs 38 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | USSCO JOHNSTOWN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 532 OAKRIDGE DR JOHNSTOWN, PA 15904 |
| Phone: | (814) 266-4987 |
| Fax: | (814) 266-1575 |
| Website: | http://www.usscofcu.org |
| Branches: | 4 branch locations |
| Members: | 13,861 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12219 |
|---|---|
| Membership Type: | Multiple common bond - Primarily primary and fabricated metals |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $146,964,578 |
| CEO/Manager: | Todd L Cover |
| Chairperson: | Ken A Mesko |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,052,958 |
| TOTAL INVESTMENTS | 66,855,757 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,957,053 |
| Unsecured Loans | 2,832,887 |
| Other Loans | 47,344,855 |
| TOTAL LOANS | 68,100,563 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -468,406 |
| Land And Building | 1,603,205 |
| Other Fixed Assets | 261,685 |
| NCUSIF Deposit | 1,196,036 |
| All Other Assets | 2,362,780 |
| TOTAL ASSETS | 146,964,578 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 55 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 510,957 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 31,931,677 |
| Regular shares | 70,905,366 |
| All Other Shares & Deposits | 25,625,072 |
| TOTAL SHARES & DEPOSITS | 128,462,115 |
| TOTAL LIABILITIES | 128,973,127 |
| Regular Reserve | 1,477,420 |
| Other Reserves | 3,668,238 |
| Undivided Earnings | 12,845,793 |
| TOTAL EQUITY | 17,991,451 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 146,964,578 |
| INCOME & EXPENSE | |
| Loan Income | 3,383,234 |
| Investment Income | 1,096,967 |
| Other Income | 1,328,583 |
| Total Employee Compensation & Benefits | 1,769,344 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,671,006 |
| Non-operating Income & (Expense) | 226,800 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 156,552 |
| Cost of Funds | 300,469 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,138,213 |
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