Dec, 31, 2020 — A.B. FEDERAL CREDIT UNION is a federal credit union headquartered in ALTOONA, PA with 1 branch location and about $7.62 million in total assets. Opened 59 years ago in 1962, A.B. FEDERAL CREDIT UNION has about 862 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | A.B. FEDERAL CREDIT UNION |
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Address: (Main Office) | 871 30TH STREET ALTOONA, PA 16601 |
Phone: | (814) 944-4025 |
Fax: | (814) 944-6941 |
Website: | http://www.abfederalcu.com |
Branches: | 1 branch locations |
Members: | 862 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14879 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1962 |
Last Audited: | Sep 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $7,623,834 |
CEO/Manager: | Tricia A Eicher |
Chairperson: | Mary Lumadue |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,798,555 |
TOTAL INVESTMENTS | 2,719,276 |
Loans Held for Sale | 0 |
Real Estate Loans | 621,820 |
Unsecured Loans | 932,801 |
Other Loans | 1,503,336 |
TOTAL LOANS | 3,057,957 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -45,410 |
Land And Building | 6,000 |
Other Fixed Assets | 17,077 |
NCUSIF Deposit | 54,293 |
All Other Assets | 16,086 |
TOTAL ASSETS | 7,623,834 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,772 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,304,034 |
Regular shares | 4,709,461 |
All Other Shares & Deposits | 643,235 |
TOTAL SHARES & DEPOSITS | 6,656,730 |
TOTAL LIABILITIES | 6,662,502 |
Regular Reserve | 70,329 |
Other Reserves | 0 |
Undivided Earnings | 891,003 |
TOTAL EQUITY | 961,332 |
TOTAL LIABILITIES, SHARES, & EQUITY | 7,623,834 |
INCOME & EXPENSE | |
Loan Income | 228,023 |
Investment Income | 63,036 |
Other Income | 89,086 |
Total Employee Compensation & Benefits | 102,792 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 148,106 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 5,407 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 123,840 |
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