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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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