Dec, 31, 2023 — PENNTECH EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in JOHNSONBURG, PA with 1 branch location and about $10.84 million in total assets. Opened 64 years ago in 1960, PENNTECH EMPLOYEES FEDERAL CREDIT UNION has about 1,310 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PENNTECH EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 409 Center St Ste C JOHNSONBURG, PA 15845-1307 |
| Phone: | (814) 965-4311 |
| Fax: | (814) 965-4623 |
| Website: | https://penntechfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,310 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13469 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,843,648 |
| CEO/Manager: | Julie Ribovic |
| Chairperson: | Robert Paladino |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 803,061 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 555,499 |
| Other Loans | 4,820,669 |
| TOTAL LOANS | 5,376,168 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,000 |
| Land And Building | 0 |
| Other Fixed Assets | 1,234 |
| NCUSIF Deposit | 96,059 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,843,648 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 25,499 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,291 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 416,959 |
| Regular shares | 7,449,452 |
| All Other Shares & Deposits | 1,631,458 |
| TOTAL SHARES & DEPOSITS | 9,497,869 |
| TOTAL LIABILITIES | 9,527,659 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,315,989 |
| TOTAL EQUITY | 1,315,989 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,843,648 |
| INCOME & EXPENSE | |
| Loan Income | 265,567 |
| Investment Income | 174,899 |
| Other Income | 4,864 |
| Total Employee Compensation & Benefits | 184,994 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 136,415 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,012 |
| Cost of Funds | 59,067 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 113,766 |
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