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ARMSTRONG ASSOCIATES FEDERAL CREDIT UNION

Dec, 31, 2020 — ARMSTRONG ASSOCIATES FEDERAL CREDIT UNION is a federal credit union headquartered in FORD CITY, PA with 2 branch locations and about $66.16 million in total assets. Opened 63 years ago in 1958, ARMSTRONG ASSOCIATES FEDERAL CREDIT UNION has about 8,180 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ARMSTRONG ASSOCIATES FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 191
FORD CITY, PA 16226
Phone:(724) 763-1172
Fax:(724) 763-9375
Website:http://www.aafcu4u.coop
Branches:2 branch locations
Members:8,180
Credit Union Type:Federal Credit Union
Charter Number:12438
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1958
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$66,164,889
CEO/Manager:Allan D King
Chairperson:Peter Hess

Call Report

  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,370,262
TOTAL INVESTMENTS 30,915,387
Loans Held for Sale 0
 
 Real Estate Loans 7,381,095
 Unsecured Loans 5,656,255
 Other Loans 13,564,256
 TOTAL LOANS 26,601,606
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -97,674
 Land And Building 533,230
 Other Fixed Assets 99,960
 NCUSIF Deposit 556,344
 All Other Assets 185,774
  TOTAL ASSETS 66,164,889
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,416,513
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,434,780
 Regular shares 45,905,961
 All Other Shares & Deposits 2,634,494
  TOTAL SHARES & DEPOSITS 56,975,235
  TOTAL LIABILITIES 58,391,748
 Regular Reserve 1,405,000
 Other Reserves 0
 Undivided Earnings 6,368,141
  TOTAL EQUITY 7,773,141
  TOTAL LIABILITIES, SHARES, & EQUITY 66,164,889
INCOME & EXPENSE  
 Loan Income 1,366,689
 Investment Income 509,633
 Other Income 613,503
 Total Employee Compensation & Benefits 1,065,246
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,031,611
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,954
 Cost of Funds 138,872
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 252,142
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