Jun, 30, 2023 — A.B. FEDERAL CREDIT UNION is a federal credit union headquartered in ALTOONA, PA with 1 branch location and about $8.18 million in total assets. Opened 61 years ago in 1962, A.B. FEDERAL CREDIT UNION has about 821 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | A.B. FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 871 30th St ALTOONA, PA 16601 |
| Phone: | (814) 944-4025 |
| Fax: | (814) 944-6941 |
| Website: | https://www.abfederalcu.com |
| Branches: | 1 branch locations |
| Members: | 821 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14879 |
|---|---|
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,177,030 |
| CEO/Manager: | Tricia A Eicher |
| Chairperson: | Mary Lumadue |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 939,140 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 960,330 |
| Unsecured Loans | 967,527 |
| Other Loans | 2,033,612 |
| TOTAL LOANS | 3,961,469 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -54,965 |
| Land And Building | 6,000 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 72,765 |
| All Other Assets | 0 |
| TOTAL ASSETS | 8,177,030 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,800 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,200,466 |
| Regular shares | 5,129,949 |
| All Other Shares & Deposits | 731,882 |
| TOTAL SHARES & DEPOSITS | 7,062,297 |
| TOTAL LIABILITIES | 7,071,097 |
| Regular Reserve | 0 |
| Other Reserves | 70,329 |
| Undivided Earnings | 1,035,604 |
| TOTAL EQUITY | 1,105,933 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,177,030 |
| INCOME & EXPENSE | |
| Loan Income | 179,245 |
| Investment Income | 43,959 |
| Other Income | 47,819 |
| Total Employee Compensation & Benefits | 101,772 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 134,582 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,878 |
| Cost of Funds | 2,465 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 54,236 |
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