Dec, 31, 2020 — CORRY FEDERAL CREDIT UNION is a federal credit union headquartered in CORRY, PA with 3 branch locations and about $72.49 million in total assets. Opened 63 years ago in 1958, CORRY FEDERAL CREDIT UNION has about 8,654 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CORRY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 728 WORTH ST CORRY, PA 16407 |
| Phone: | (814) 663-3263 |
| Fax: | (814) 664-2387 |
| Website: | http://www.corryfcu.org |
| Branches: | 3 branch locations |
| Members: | 8,654 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12643 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $72,494,089 |
| CEO/Manager: | Stacey M Heiser |
| Chairperson: |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,982,837 |
| TOTAL INVESTMENTS | 21,621,993 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,966,416 |
| Unsecured Loans | 7,285,873 |
| Other Loans | 16,209,940 |
| TOTAL LOANS | 38,462,229 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -345,352 |
| Land And Building | 1,852,586 |
| Other Fixed Assets | 209,062 |
| NCUSIF Deposit | 604,633 |
| All Other Assets | 2,106,101 |
| TOTAL ASSETS | 72,494,089 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 262,241 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,337,694 |
| Regular shares | 27,713,274 |
| All Other Shares & Deposits | 23,386,218 |
| TOTAL SHARES & DEPOSITS | 65,437,186 |
| TOTAL LIABILITIES | 65,699,427 |
| Regular Reserve | 432,648 |
| Other Reserves | 0 |
| Undivided Earnings | 6,362,014 |
| TOTAL EQUITY | 6,794,662 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 72,494,089 |
| INCOME & EXPENSE | |
| Loan Income | 2,049,533 |
| Investment Income | 439,399 |
| Other Income | 1,165,424 |
| Total Employee Compensation & Benefits | 993,399 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,362,579 |
| Non-operating Income & (Expense) | 32,245 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 201,752 |
| Cost of Funds | 492,477 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 636,394 |
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