Mar, 31, 2021 — CORRY FEDERAL CREDIT UNION is a federal credit union headquartered in CORRY, PA with 3 branch locations and about $81.62 million in total assets. Opened 63 years ago in 1958, CORRY FEDERAL CREDIT UNION has about 8,822 members and employs 26 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: | 8,822 |
| 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: | $81,615,314 |
| CEO/Manager: | Stacey M Heiser |
| Chairperson: | Charles Mack |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,871,469 |
| TOTAL INVESTMENTS | 24,064,431 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,807,369 |
| Unsecured Loans | 7,190,921 |
| Other Loans | 16,216,368 |
| TOTAL LOANS | 39,214,658 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -333,770 |
| Land And Building | 1,829,639 |
| Other Fixed Assets | 193,035 |
| NCUSIF Deposit | 604,633 |
| All Other Assets | 2,171,219 |
| TOTAL ASSETS | 81,615,314 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 340,343 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,202,445 |
| Regular shares | 31,671,965 |
| All Other Shares & Deposits | 24,408,930 |
| TOTAL SHARES & DEPOSITS | 74,283,340 |
| TOTAL LIABILITIES | 74,623,683 |
| Regular Reserve | 432,648 |
| Other Reserves | 0 |
| Undivided Earnings | 6,558,983 |
| TOTAL EQUITY | 6,991,631 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 81,615,314 |
| INCOME & EXPENSE | |
| Loan Income | 515,900 |
| Investment Income | 96,672 |
| Other Income | 244,785 |
| Total Employee Compensation & Benefits | 260,895 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 375,144 |
| Non-operating Income & (Expense) | 8,794 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -3,898 |
| Cost of Funds | 81,040 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 196,969 |
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