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CORRY FEDERAL CREDIT UNION

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.


ABA Routing Number: 243380370
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

Call Report

  • Credit Builder
  • Micro Business Loans
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Health Savings Accounts
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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