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SAINT VINCENT ERIE FEDERAL CREDIT UNION

Jun, 30, 2021 — SAINT VINCENT ERIE FEDERAL CREDIT UNION is a federal credit union headquartered in Erie, PA with 1 branch location and about $19.06 million in total assets. Opened 61 years ago in 1960, SAINT VINCENT ERIE FEDERAL CREDIT UNION has about 1,980 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:SAINT VINCENT ERIE FEDERAL CREDIT UNION
Address:
(Main Office)
2314 Sassafras St Ste 100
Erie, PA 16502
Phone:(814) 452-5742
Fax:(814) 452-5630
Website:http://www.svefcu.com
Branches:1 branch locations
Members:1,980
Credit Union Type:Federal Credit Union
Charter Number:13933
Membership Type:Multiple common bond - Primarily health care
Corporate Credit Union:No
Year Opened:1960
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$19,056,003
CEO/Manager:James D Kemp
Chairperson:Bill Chiaramonte

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,895,239
TOTAL INVESTMENTS 11,555,475
Loans Held for Sale 0
 
 Real Estate Loans 2,295,567
 Unsecured Loans 898,157
 Other Loans 1,871,133
 TOTAL LOANS 5,064,857
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -28,340
 Land And Building 0
 Other Fixed Assets 8,522
 NCUSIF Deposit 154,642
 All Other Assets 405,608
  TOTAL ASSETS 19,056,003
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -9,898
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,057,266
 Regular shares 14,317,853
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 17,375,119
  TOTAL LIABILITIES 17,365,221
 Regular Reserve 102,598
 Other Reserves 0
 Undivided Earnings 1,588,184
  TOTAL EQUITY 1,690,782
  TOTAL LIABILITIES, SHARES, & EQUITY 19,056,003
INCOME & EXPENSE  
 Loan Income 142,878
 Investment Income 65,480
 Other Income 70,167
 Total Employee Compensation & Benefits 145,722
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 131,281
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -4,194
 Cost of Funds 8,552
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 26,918
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