Dec, 31, 2023 — ERIE FEDERAL CREDIT UNION is a federal credit union headquartered in ERIE, PA with 12 branch locations and about $779.45 million in total assets. Opened 88 years ago in 1936, ERIE FEDERAL CREDIT UNION has about 76,010 members and employs 213 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ERIE FEDERAL CREDIT UNION |
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Address: (Main Office) | 3503 Peach St ERIE, PA 16508 |
Phone: | (814) 825-2436 |
Fax: | (814) 897-2363 |
Website: | https://www.eriefcu.org |
Branches: | 12 branch locations |
Members: | 76,010 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1476 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $779,445,947 |
CEO/Manager: | Brian Waugaman |
Chairperson: | Laurie Becker |
ASSETS: | $ Amount |
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Cash & Equivalents | 14,344,683 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 214,584,594 |
Unsecured Loans | 39,219,494 |
Other Loans | 243,554,623 |
TOTAL LOANS | 497,358,711 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,610,328 |
Land And Building | 21,443,040 |
Other Fixed Assets | 1,742,568 |
NCUSIF Deposit | 7,099,698 |
All Other Assets | 0 |
TOTAL ASSETS | 779,445,947 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 1,000,000 |
Accounts Payable & Other Liabilities | 1,701,678 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 144,391,161 |
Regular shares | 271,893,544 |
All Other Shares & Deposits | 315,456,581 |
TOTAL SHARES & DEPOSITS | 731,741,286 |
TOTAL LIABILITIES | 734,442,964 |
Regular Reserve | 0 |
Other Reserves | -22,284,263 |
Undivided Earnings | 67,287,246 |
TOTAL EQUITY | 45,002,983 |
TOTAL LIABILITIES, SHARES, & EQUITY | 779,445,947 |
INCOME & EXPENSE | |
Loan Income | 27,374,281 |
Investment Income | 6,806,675 |
Other Income | 5,007,492 |
Total Employee Compensation & Benefits | 14,127,722 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 13,277,525 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,912,703 |
Cost of Funds | 11,214,801 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 516,092 |
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» See also Statement of Financial Condition