Dec, 31, 2023 — SARCO FEDERAL CREDIT UNION is a federal credit union headquartered in BETHLEHEM, PA with 1 branch location and about $9.08 million in total assets. Opened 88 years ago in 1936, SARCO FEDERAL CREDIT UNION has about 667 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SARCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1214 w broad st BETHLEHEM, PA 18018-4952 |
| Phone: | (610) 807-9922 |
| Fax: | (610) 807-9273 |
| Website: | https://sarcofcu.org |
| Branches: | 1 branch locations |
| Members: | 667 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1669 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,077,670 |
| CEO/Manager: | lisa i schmoyer |
| Chairperson: | thomas phillipppi |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 211,145 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,560,722 |
| Unsecured Loans | 18,595 |
| Other Loans | 2,763,746 |
| TOTAL LOANS | 6,343,063 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,592 |
| Land And Building | 12,197 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 72,234 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,077,670 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,415 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 391,906 |
| Regular shares | 4,773,199 |
| All Other Shares & Deposits | 1,963,655 |
| TOTAL SHARES & DEPOSITS | 7,128,760 |
| TOTAL LIABILITIES | 7,134,175 |
| Regular Reserve | 0 |
| Other Reserves | 152,400 |
| Undivided Earnings | 1,791,095 |
| TOTAL EQUITY | 1,943,495 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,077,670 |
| INCOME & EXPENSE | |
| Loan Income | 300,696 |
| Investment Income | 38,323 |
| Other Income | 4,598 |
| Total Employee Compensation & Benefits | 107,713 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 108,831 |
| Non-operating Income & (Expense) | 9,950 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 75,788 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 61,360 |
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