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FIRST AREA FEDERAL CREDIT UNION

Dec, 31, 2020 — FIRST AREA FEDERAL CREDIT UNION is a federal credit union headquartered in LEWISTOWN, PA with 1 branch location and about $24.86 million in total assets. Opened 60 years ago in 1961, FIRST AREA FEDERAL CREDIT UNION has about 3,040 members and employs 9 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
Address:
(Main Office)
23 S DORCAS ST
LEWISTOWN, PA 17044
Phone:(717) 248-5103
Fax:(717) 248-9672
Website:https://www.shareteccu.com/firstare
Branches:1 branch locations
Members:3,040
Credit Union Type:Federal Credit Union
Charter Number:14346
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1961
Last Audited:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$24,864,832
CEO/Manager:Bonnie K Fisher
Chairperson:William J Hartman

Call Report

  • Overdraft Protection
  • Pay Day Loans
  • Real Estate Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,028,930
TOTAL INVESTMENTS 15,499,041
Loans Held for Sale 0
 
 Real Estate Loans 1,941,060
 Unsecured Loans 1,255,381
 Other Loans 2,679,537
 TOTAL LOANS 5,875,978
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -47,872
 Land And Building 159,454
 Other Fixed Assets 9,783
 NCUSIF Deposit 183,287
 All Other Assets 156,231
  TOTAL ASSETS 24,864,832
LIABILITIES & CAPITAL:  
 Dividends Payable 19,416
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 108,144
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,406,022
 Regular shares 17,507,482
 All Other Shares & Deposits 46,386
  TOTAL SHARES & DEPOSITS 22,959,890
  TOTAL LIABILITIES 23,087,450
 Regular Reserve 268,017
 Other Reserves -281,698
 Undivided Earnings 1,791,063
  TOTAL EQUITY 1,777,382
  TOTAL LIABILITIES, SHARES, & EQUITY 24,864,832
INCOME & EXPENSE  
 Loan Income 407,389
 Investment Income 253,643
 Other Income 247,163
 Total Employee Compensation & Benefits 438,051
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 392,848
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 14,628
 Cost of Funds 16,869
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 45,799
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