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DISCOVERY FEDERAL CREDIT UNION

Dec, 31, 2020 — DISCOVERY FEDERAL CREDIT UNION is a federal credit union headquartered in WYOMISSING, PA with 1 branch location and about $164.94 million in total assets. Opened 62 years ago in 1959, DISCOVERY FEDERAL CREDIT UNION has about 8,609 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:8,609
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, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$164,942,101
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 17,248,957
TOTAL INVESTMENTS 56,443,934
Loans Held for Sale 0
 
 Real Estate Loans 37,464,150
 Unsecured Loans 12,635,106
 Other Loans 21,053,606
 TOTAL LOANS 79,701,966
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,188,161
 Land And Building 3,306,368
 Other Fixed Assets 208,544
 NCUSIF Deposit 1,371,362
 All Other Assets 7,849,131
  TOTAL ASSETS 164,942,101
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 652,292
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 18,390,431
 Regular shares 31,320,141
 All Other Shares & Deposits 95,915,567
  TOTAL SHARES & DEPOSITS 145,626,139
  TOTAL LIABILITIES 146,278,431
 Regular Reserve 2,756,463
 Other Reserves 723,896
 Undivided Earnings 15,183,311
  TOTAL EQUITY 18,663,670
  TOTAL LIABILITIES, SHARES, & EQUITY 164,942,101
INCOME & EXPENSE  
 Loan Income 3,625,424
 Investment Income 1,095,448
 Other Income 1,156,395
 Total Employee Compensation & Benefits 1,875,383
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,488,733
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 90,000
 Cost of Funds 1,020,387
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 402,764
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