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DISCOVERY FEDERAL CREDIT UNION

Mar, 31, 2021 — DISCOVERY FEDERAL CREDIT UNION is a federal credit union headquartered in WYOMISSING, PA with 1 branch location and about $172.08 million in total assets. Opened 62 years ago in 1959, DISCOVERY FEDERAL CREDIT UNION has about 8,585 members and employs 21 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: 231385646
Name:DISCOVERY FEDERAL CREDIT UNION
Address:
(Main Office)
2744 CENTURY BLVD
WYOMISSING, PA 19610
Phone:(610) 372-8010
Fax:(610) 372-8105
Website:http://www.discoveryfcu.org
Branches:1 branch locations
Members:8,585
Credit Union Type:Federal Credit Union
Charter Number:12935
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1959
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$172,079,512
CEO/Manager:Edwin L Williams
Chairperson:Robert Shaner

Call Report

  • Commercial Loans
  • Micro Consumer Loans
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 19,849,135
TOTAL INVESTMENTS 60,897,593
Loans Held for Sale 0
 
 Real Estate Loans 37,896,573
 Unsecured Loans 13,285,026
 Other Loans 20,533,965
 TOTAL LOANS 79,898,067
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,202,447
 Land And Building 3,280,970
 Other Fixed Assets 250,060
 NCUSIF Deposit 1,371,362
 All Other Assets 7,734,772
  TOTAL ASSETS 172,079,512
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 330,756
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 20,736,008
 Regular shares 35,006,736
 All Other Shares & Deposits 97,469,137
  TOTAL SHARES & DEPOSITS 153,211,881
  TOTAL LIABILITIES 153,542,637
 Regular Reserve 2,756,463
 Other Reserves 437,811
 Undivided Earnings 15,342,601
  TOTAL EQUITY 18,536,875
  TOTAL LIABILITIES, SHARES, & EQUITY 172,079,512
INCOME & EXPENSE  
 Loan Income 909,572
 Investment Income 212,336
 Other Income 162,361
 Total Employee Compensation & Benefits 474,768
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 625,393
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 30,000
 Cost of Funds 199,083
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 159,290
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