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 |
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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 |
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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 |
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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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