Dec, 31, 2020 — FIRST COMMONWEALTH FEDERAL CREDIT UNION is a federal credit union headquartered in Lehigh Valley, PA with 11 branch locations and about $919.12 million in total assets. Opened 62 years ago in 1959, FIRST COMMONWEALTH FEDERAL CREDIT UNION has about 67,641 members and employs 204 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST COMMONWEALTH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 20450 Lehigh Valley, PA 18002 |
| Phone: | (610) 821-2400 |
| Fax: | |
| Website: | http://www.firstcomcu.org |
| Branches: | 11 branch locations |
| Members: | 67,641 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12765 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $919,124,704 |
| CEO/Manager: | Donna LoStocco |
| Chairperson: | William Ehritz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 110,481,041 |
| TOTAL INVESTMENTS | 83,152,911 |
| Loans Held for Sale | 731,695 |
| Real Estate Loans | 416,939,367 |
| Unsecured Loans | 57,797,335 |
| Other Loans | 192,431,498 |
| TOTAL LOANS | 667,218,738 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,256,576 |
| Land And Building | 28,423,611 |
| Other Fixed Assets | 10,533,773 |
| NCUSIF Deposit | 7,357,182 |
| All Other Assets | 19,482,329 |
| TOTAL ASSETS | 919,124,704 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,543,072 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 183,100,589 |
| Regular shares | 253,275,873 |
| All Other Shares & Deposits | 381,047,341 |
| TOTAL SHARES & DEPOSITS | 817,423,803 |
| TOTAL LIABILITIES | 824,966,875 |
| Regular Reserve | 6,620,236 |
| Other Reserves | 819,516 |
| Undivided Earnings | 86,718,077 |
| TOTAL EQUITY | 94,157,829 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 919,124,704 |
| INCOME & EXPENSE | |
| Loan Income | 31,985,397 |
| Investment Income | 1,014,908 |
| Other Income | 10,933,959 |
| Total Employee Compensation & Benefits | 16,209,031 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 15,247,876 |
| Non-operating Income & (Expense) | 466,823 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,574,492 |
| Cost of Funds | 3,118,892 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,250,796 |
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