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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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