Dec, 31, 2023 — GLASS CAP FEDERAL CREDIT UNION is a federal credit union headquartered in CONNELLSVILLE, PA with 2 branch locations and about $43.05 million in total assets. Opened 64 years ago in 1960, GLASS CAP FEDERAL CREDIT UNION has about 4,874 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GLASS CAP FEDERAL CREDIT UNION |
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Address: (Main Office) | 241 N Pittsburgh St CONNELLSVILLE, PA 15425-3209 |
Phone: | (724) 628-2424 |
Fax: | (724) 628-0636 |
Website: | https://www.glasscapfcu.com |
Branches: | 2 branch locations |
Members: | 4,874 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13733 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $43,047,973 |
CEO/Manager: | Rebecca E Detrick |
Chairperson: | John Andursky |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,390,444 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,359,916 |
Unsecured Loans | 2,004,521 |
Other Loans | 13,941,775 |
TOTAL LOANS | 21,306,212 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -47,909 |
Land And Building | 334,330 |
Other Fixed Assets | 210,716 |
NCUSIF Deposit | 369,711 |
All Other Assets | 0 |
TOTAL ASSETS | 43,047,973 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 29,057 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 446,958 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,137,884 |
Regular shares | 24,613,270 |
All Other Shares & Deposits | 6,360,812 |
TOTAL SHARES & DEPOSITS | 37,111,967 |
TOTAL LIABILITIES | 37,587,982 |
Regular Reserve | 0 |
Other Reserves | -317,865 |
Undivided Earnings | 5,777,856 |
TOTAL EQUITY | 5,459,991 |
TOTAL LIABILITIES, SHARES, & EQUITY | 43,047,973 |
INCOME & EXPENSE | |
Loan Income | 1,138,334 |
Investment Income | 816,729 |
Other Income | 164,980 |
Total Employee Compensation & Benefits | 511,998 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 800,698 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,815 |
Cost of Funds | 108,977 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 937,620 |
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» See also Statement of Financial Condition