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ASBESTOS WORKERS LOCAL 14 FEDERAL CREDIT UNION

Mar, 31, 2021 — ASBESTOS WORKERS LOCAL 14 FEDERAL CREDIT UNION is a federal credit union headquartered in Philadelphia, PA with 1 branch location and about $4.56 million in total assets. Opened 54 years ago in 1967, ASBESTOS WORKERS LOCAL 14 FEDERAL CREDIT UNION has about 558 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ASBESTOS WORKERS LOCAL 14 FEDERAL CREDIT UNION
Address:
(Main Office)
2014 Hornig Rd
Philadelphia, PA 19116
Phone:(215) 289-3990
Fax:(215) 289-2001
Website:n/a
Branches:1 branch locations
Members:558
Credit Union Type:Federal Credit Union
Charter Number:18446
Membership Type:Associational - Other than religious or fraternal, or 'low-income'
Corporate Credit Union:No
Year Opened:1967
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$4,561,928
CEO/Manager:Patricia Reeves
Chairperson:Matthew Petronis

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,984,907
TOTAL INVESTMENTS 2,114,867
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 425,870
 Other Loans 75,450
 TOTAL LOANS 501,320
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -76,912
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 37,746
 All Other Assets 0
  TOTAL ASSETS 4,561,928
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,028
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,085,310
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 4,085,310
  TOTAL LIABILITIES 4,087,338
 Regular Reserve 66,045
 Other Reserves 0
 Undivided Earnings 408,545
  TOTAL EQUITY 474,590
  TOTAL LIABILITIES, SHARES, & EQUITY 4,561,928
INCOME & EXPENSE  
 Loan Income 14,417
 Investment Income 8,750
 Other Income 0
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 11,723
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 11,444
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