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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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