Sep, 30, 2025 — INSPIRE FEDERAL CREDIT UNION is a federal credit union headquartered in NEWTOWN, PA with 4 branch locations and about $374.87 million in total assets. Opened 90 years ago in 1936, INSPIRE FEDERAL CREDIT UNION has about 17,580 members and employs 47 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | INSPIRE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3 Friends Ln NEWTOWN, PA 18940 |
| Phone: | (267) 548-7023 |
| Fax: | (267) 545-0142 |
| Website: | https://www.inspirefcu.org |
| Branches: | 4 branch locations |
| Members: | 17,580 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1759 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $374,870,112 |
| CEO/Manager: | James M Merrill |
| Chairperson: | Marc Diretto |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 45,917,271 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 162,629,800 |
| Unsecured Loans | 71,439,691 |
| Other Loans | 38,524,193 |
| TOTAL LOANS | 272,593,684 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,102,211 |
| Land And Building | 7,527,695 |
| Other Fixed Assets | 607,093 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,645,212 |
| All Other Assets | 11,700 |
| TOTAL ASSETS | 374,870,112 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 418,475 |
| Notes & Interest Payable | 37,743,493 |
| Accounts Payable & Other Liabilities | 8,073,566 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 18,600,000 |
| Share Drafts | 74,463,496 |
| Regular shares | 43,478,024 |
| All Other Shares & Deposits | 169,892,923 |
| TOTAL SHARES & DEPOSITS | 287,834,442 |
| TOTAL LIABILITIES | 352,679,795 |
| Regular Reserve | 0 |
| Other Reserves | -383,970 |
| Undivided Earnings | 22,574,287 |
| TOTAL EQUITY | 22,190,317 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 374,870,112 |
| INCOME & EXPENSE | |
| Loan Income | 13,351,004 |
| Investment Income | 1,876,044 |
| Other Income | 971,953 |
| Total Employee Compensation & Benefits | 3,839,184 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,238,800 |
| Non-operating Income & (Expense) | -21,113 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 69,596 |
| Cost of Funds | 6,648,897 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,861,953 |
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