Mar, 31, 2021 — FIRST COMMONWEALTH FEDERAL CREDIT UNION is a federal credit union headquartered in Lehigh Valley, PA with 11 branch locations and about $972.38 million in total assets. Opened 62 years ago in 1959, FIRST COMMONWEALTH FEDERAL CREDIT UNION has about 68,310 members and employs 208 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: | 68,310 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $972,380,137 |
| CEO/Manager: | Donna LoStocco |
| Chairperson: | William Ehritz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 119,866,137 |
| TOTAL INVESTMENTS | 122,616,308 |
| Loans Held for Sale | 204,942 |
| Real Estate Loans | 427,692,383 |
| Unsecured Loans | 59,356,864 |
| Other Loans | 186,229,492 |
| TOTAL LOANS | 673,327,911 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,477,998 |
| Land And Building | 27,704,443 |
| Other Fixed Assets | 10,162,227 |
| NCUSIF Deposit | 7,357,183 |
| All Other Assets | 19,618,984 |
| TOTAL ASSETS | 972,380,137 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,315,921 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 199,845,134 |
| Regular shares | 289,048,400 |
| All Other Shares & Deposits | 383,216,296 |
| TOTAL SHARES & DEPOSITS | 872,109,830 |
| TOTAL LIABILITIES | 878,425,751 |
| Regular Reserve | 6,620,236 |
| Other Reserves | -1,239,644 |
| Undivided Earnings | 88,573,794 |
| TOTAL EQUITY | 93,954,386 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 972,380,137 |
| INCOME & EXPENSE | |
| Loan Income | 8,061,644 |
| Investment Income | 278,513 |
| Other Income | 928,457 |
| Total Employee Compensation & Benefits | 4,320,286 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,399,093 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 677,777 |
| Cost of Funds | 477,890 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,855,716 |
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