Sep, 30, 2021 — SAINT VINCENT ERIE FEDERAL CREDIT UNION is a federal credit union headquartered in Erie, PA with 1 branch location and about $18.56 million in total assets. Opened 62 years ago in 1960, SAINT VINCENT ERIE FEDERAL CREDIT UNION has about 1,963 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: | 1,963 |
| 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: | $18,555,927 |
| CEO/Manager: | James D Kemp |
| Chairperson: | Bill Chiaramonte |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 966,594 |
| TOTAL INVESTMENTS | 11,953,475 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,216,883 |
| Unsecured Loans | 865,545 |
| Other Loans | 1,979,662 |
| TOTAL LOANS | 5,062,090 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,078 |
| Land And Building | 0 |
| Other Fixed Assets | 21,280 |
| NCUSIF Deposit | 154,642 |
| All Other Assets | 424,924 |
| TOTAL ASSETS | 18,555,927 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -10,048 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,682,914 |
| Regular shares | 14,131,244 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 16,814,158 |
| TOTAL LIABILITIES | 16,804,110 |
| Regular Reserve | 102,598 |
| Other Reserves | 0 |
| Undivided Earnings | 1,649,219 |
| TOTAL EQUITY | 1,751,817 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,555,927 |
| INCOME & EXPENSE | |
| Loan Income | 215,534 |
| Investment Income | 96,777 |
| Other Income | 107,506 |
| Total Employee Compensation & Benefits | 217,021 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 200,477 |
| 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 | 12,133 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 87,956 |
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