Dec, 31, 2023 — FIRST AREA FEDERAL CREDIT UNION is a federal credit union headquartered in LEWISTOWN, PA with 1 branch location and about $26.34 million in total assets. Opened 63 years ago in 1961, FIRST AREA FEDERAL CREDIT UNION has about 2,839 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FIRST AREA FEDERAL CREDIT UNION |
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Address: (Main Office) | 23 S Dorcas St LEWISTOWN, PA 17044 |
Phone: | (717) 248-5103 |
Fax: | (717) 248-9672 |
Website: | https://www.firstareafcu.com |
Branches: | 1 branch locations |
Members: | 2,839 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14346 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $26,338,169 |
CEO/Manager: | Bonnie K Fisher |
Chairperson: | Robert L Haines Jr |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,454,451 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,629,841 |
Unsecured Loans | 1,189,051 |
Other Loans | 3,180,185 |
TOTAL LOANS | 5,999,077 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,818 |
Land And Building | 139,997 |
Other Fixed Assets | 10,226 |
NCUSIF Deposit | 266,362 |
All Other Assets | 0 |
TOTAL ASSETS | 26,338,169 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 13,387 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -263,705 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,161,109 |
Regular shares | 18,063,405 |
All Other Shares & Deposits | 299,112 |
TOTAL SHARES & DEPOSITS | 24,523,627 |
TOTAL LIABILITIES | 24,273,309 |
Regular Reserve | 0 |
Other Reserves | -176,662 |
Undivided Earnings | 2,241,522 |
TOTAL EQUITY | 2,064,860 |
TOTAL LIABILITIES, SHARES, & EQUITY | 26,338,169 |
INCOME & EXPENSE | |
Loan Income | 420,891 |
Investment Income | 354,099 |
Other Income | 272,632 |
Total Employee Compensation & Benefits | 443,841 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 466,803 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -14,728 |
Cost of Funds | 14,349 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 137,357 |
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