Dec, 31, 2023 — LATROBE AREA HOSPITAL FEDERAL CREDIT UNION is a federal credit union headquartered in LATROBE, PA with 1 branch location and about $10.78 million in total assets. Opened 60 years ago in 1964, LATROBE AREA HOSPITAL FEDERAL CREDIT UNION has about 1,322 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LATROBE AREA HOSPITAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 121 W 2ND AVE LATROBE, PA 15650 |
| Phone: | (724) 539-8820 |
| Fax: | (724) 539-8834 |
| Website: | https://www.lahcreditunion.com |
| Branches: | 1 branch locations |
| Members: | 1,322 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16209 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,777,397 |
| CEO/Manager: | Kevin C Cheek |
| Chairperson: | Janell F Emery-Smith |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 144,269 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 912,504 |
| Other Loans | 4,180,478 |
| TOTAL LOANS | 5,092,981 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,223 |
| Land And Building | 0 |
| Other Fixed Assets | 535 |
| NCUSIF Deposit | 102,719 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,777,397 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 45,197 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,017,180 |
| Regular shares | 8,097,535 |
| All Other Shares & Deposits | 365,047 |
| TOTAL SHARES & DEPOSITS | 9,479,761 |
| TOTAL LIABILITIES | 9,524,958 |
| Regular Reserve | 0 |
| Other Reserves | 144,250 |
| Undivided Earnings | 1,108,189 |
| TOTAL EQUITY | 1,252,439 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,777,397 |
| INCOME & EXPENSE | |
| Loan Income | 246,817 |
| Investment Income | 138,275 |
| Other Income | 54,185 |
| Total Employee Compensation & Benefits | 128,407 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 248,480 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 42,622 |
| Cost of Funds | 25,304 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,026 |
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» See also Statement of Financial Condition