Dec, 31, 2020 — GLASS CAP FEDERAL CREDIT UNION is a federal credit union headquartered in Connellsville, PA with 2 branch locations and about $37.07 million in total assets. Opened 61 years ago in 1960, GLASS CAP FEDERAL CREDIT UNION has about 4,995 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: | http://www.glasscapfcu.com |
Branches: | 2 branch locations |
Members: | 4,995 |
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, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $37,066,199 |
CEO/Manager: | Judith L Gratson |
Chairperson: | John Andursky |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,167,819 |
TOTAL INVESTMENTS | 8,677,817 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,233,118 |
Unsecured Loans | 1,920,101 |
Other Loans | 11,347,317 |
TOTAL LOANS | 20,500,536 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -51,426 |
Land And Building | 34,927 |
Other Fixed Assets | 267,879 |
NCUSIF Deposit | 262,394 |
All Other Assets | 206,253 |
TOTAL ASSETS | 37,066,199 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 17,511 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 685,580 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,575,132 |
Regular shares | 21,537,902 |
All Other Shares & Deposits | 5,533,143 |
TOTAL SHARES & DEPOSITS | 32,646,177 |
TOTAL LIABILITIES | 33,349,268 |
Regular Reserve | 382,265 |
Other Reserves | -581,594 |
Undivided Earnings | 3,916,260 |
TOTAL EQUITY | 3,716,931 |
TOTAL LIABILITIES, SHARES, & EQUITY | 37,066,199 |
INCOME & EXPENSE | |
Loan Income | 1,043,428 |
Investment Income | 185,650 |
Other Income | 335,932 |
Total Employee Compensation & Benefits | 460,859 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 678,016 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,750 |
Cost of Funds | 68,232 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 341,153 |
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