Dec, 31, 2023 — TITAN FEDERAL CREDIT UNION is a federal credit union headquartered in PLEASANT GAP, PA with 1 branch location and about $60.15 million in total assets. Opened 87 years ago in 1937, TITAN FEDERAL CREDIT UNION has about 4,457 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: | TITAN FEDERAL CREDIT UNION |
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Address: (Main Office) | 114 Mack Ave PLEASANT GAP, PA 16823-3104 |
Phone: | (814) 359-4540 |
Fax: | (814) 359-4543 |
Website: | https://www.titanfcu.com |
Branches: | 1 branch locations |
Members: | 4,457 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1882 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $60,152,883 |
CEO/Manager: | Joshua D Vlajic |
Chairperson: | Joseph D Galbraith |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,985,814 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 15,234,663 |
Unsecured Loans | 3,638,745 |
Other Loans | 19,987,868 |
TOTAL LOANS | 38,861,278 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -187,702 |
Land And Building | 153,242 |
Other Fixed Assets | 17,189 |
NCUSIF Deposit | 522,578 |
All Other Assets | 0 |
TOTAL ASSETS | 60,152,883 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -4,143 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,800,126 |
Regular shares | 35,779,268 |
All Other Shares & Deposits | 9,842,008 |
TOTAL SHARES & DEPOSITS | 51,421,402 |
TOTAL LIABILITIES | 51,417,259 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 8,735,624 |
TOTAL EQUITY | 8,735,624 |
TOTAL LIABILITIES, SHARES, & EQUITY | 60,152,883 |
INCOME & EXPENSE | |
Loan Income | 1,571,118 |
Investment Income | 351,300 |
Other Income | 55,765 |
Total Employee Compensation & Benefits | 353,160 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 485,922 |
Non-operating Income & (Expense) | 131,632 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 148,591 |
Cost of Funds | 460,128 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 662,014 |
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