Dec, 31, 2021 — SAINT VINCENT ERIE FEDERAL CREDIT UNION is a federal credit union headquartered in ERIE, PA with 1 branch location and about $18.45 million in total assets. Opened 62 years ago in 1960, SAINT VINCENT ERIE FEDERAL CREDIT UNION has about 1,945 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: | 1,945 |
| 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: | $18,446,358 |
| CEO/Manager: | James D Kemp |
| Chairperson: | Bill Chiaramonte |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 700,659 |
| TOTAL INVESTMENTS | 12,187,475 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,128,052 |
| Unsecured Loans | 981,614 |
| Other Loans | 1,893,242 |
| TOTAL LOANS | 5,002,908 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,203 |
| Land And Building | 0 |
| Other Fixed Assets | 22,288 |
| NCUSIF Deposit | 154,642 |
| All Other Assets | 418,589 |
| TOTAL ASSETS | 18,446,358 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -18,959 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,776,730 |
| Regular shares | 13,968,067 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 16,744,797 |
| TOTAL LIABILITIES | 16,725,838 |
| Regular Reserve | 102,598 |
| Other Reserves | 0 |
| Undivided Earnings | 1,617,922 |
| TOTAL EQUITY | 1,720,520 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,446,358 |
| INCOME & EXPENSE | |
| Loan Income | 286,689 |
| Investment Income | 129,192 |
| Other Income | 146,262 |
| Total Employee Compensation & Benefits | 301,051 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 264,983 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,409 |
| Cost of Funds | 20,890 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 56,659 |
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