Dec, 31, 2023 — PENN STATE FEDERAL CREDIT UNION is a federal credit union headquartered in BELLEFONTE, PA with 2 branch locations and about $237.78 million in total assets. Opened 65 years ago in 1959, PENN STATE FEDERAL CREDIT UNION has about 14,667 members and employs 45 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PENN STATE FEDERAL CREDIT UNION |
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Address: (Main Office) | 123 Amberleigh Ln BELLEFONTE, PA 16823 |
Phone: | (814) 355-2711 |
Fax: | (814) 863-6183 |
Website: | https://pennstatefederal.com |
Branches: | 2 branch locations |
Members: | 14,667 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12729 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $237,784,074 |
CEO/Manager: | Cheryl Barr |
Chairperson: | Bobby White |
ASSETS: | $ Amount |
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Cash & Equivalents | 21,252,822 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 83,506,032 |
Unsecured Loans | 14,610,006 |
Other Loans | 21,998,368 |
TOTAL LOANS | 120,143,499 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -880,008 |
Land And Building | 3,701,522 |
Other Fixed Assets | 315,671 |
NCUSIF Deposit | 2,102,148 |
All Other Assets | 0 |
TOTAL ASSETS | 237,784,074 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,143,969 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 70,278,252 |
Regular shares | 107,179,995 |
All Other Shares & Deposits | 36,687,583 |
TOTAL SHARES & DEPOSITS | 214,145,830 |
TOTAL LIABILITIES | 215,289,799 |
Regular Reserve | 0 |
Other Reserves | -5,581,294 |
Undivided Earnings | 28,075,569 |
TOTAL EQUITY | 22,494,275 |
TOTAL LIABILITIES, SHARES, & EQUITY | 237,784,074 |
INCOME & EXPENSE | |
Loan Income | 5,675,154 |
Investment Income | 3,219,552 |
Other Income | 321,501 |
Total Employee Compensation & Benefits | 3,554,540 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,345,707 |
Non-operating Income & (Expense) | -11,967 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 216,214 |
Cost of Funds | 718,862 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,564,626 |
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