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SCRANTON TIMES DOWNTOWN FEDERAL CREDIT UNION

Dec, 31, 2020 — SCRANTON TIMES DOWNTOWN FEDERAL CREDIT UNION is a federal credit union headquartered in Scranton, PA with 1 branch location and about $12.37 million in total assets. Opened 58 years ago in 1963, SCRANTON TIMES DOWNTOWN FEDERAL CREDIT UNION has about 1,964 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SCRANTON TIMES DOWNTOWN FEDERAL CREDIT UNION
Address:
(Main Office)
129 Penn Ave
Scranton, PA 18503-2015
Phone:(570) 348-9192
Fax:(570) 207-2294
Website:http://www.scrantontimesefcu.com
Branches:1 branch locations
Members:1,964
Credit Union Type:Federal Credit Union
Charter Number:15591
Membership Type:Multiple common bond - Primarily communications and utilities
Corporate Credit Union:No
Year Opened:1963
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$12,366,951
CEO/Manager:Carole M Hughes
Chairperson:Patrick McKenna

Call Report

  • Commercial Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,405,408
TOTAL INVESTMENTS 1,272,776
Loans Held for Sale 0
 
 Real Estate Loans 6,593,759
 Unsecured Loans 421,148
 Other Loans 523,832
 TOTAL LOANS 7,538,739
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -24,021
 Land And Building 0
 Other Fixed Assets 409
 NCUSIF Deposit 107,858
 All Other Assets 65,782
  TOTAL ASSETS 12,366,951
LIABILITIES & CAPITAL:  
 Dividends Payable 140
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 5,168
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,155,617
 Regular shares 8,656,834
 All Other Shares & Deposits 578,080
  TOTAL SHARES & DEPOSITS 11,390,531
  TOTAL LIABILITIES 11,395,839
 Regular Reserve 217,565
 Other Reserves 0
 Undivided Earnings 753,547
  TOTAL EQUITY 971,112
  TOTAL LIABILITIES, SHARES, & EQUITY 12,366,951
INCOME & EXPENSE  
 Loan Income 343,620
 Investment Income 43,024
 Other Income 30,389
 Total Employee Compensation & Benefits 260,623
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 174,036
 Non-operating Income & (Expense) -9,314
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 11,926
 Cost of Funds 2,390
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -41,256
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