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TITAN FEDERAL CREDIT UNION

Mar, 31, 2021 — TITAN FEDERAL CREDIT UNION is a federal credit union headquartered in PLEASANT GAP, PA with 1 branch location and about $60.70 million in total assets. Opened 84 years ago in 1937, TITAN FEDERAL CREDIT UNION has about 3,691 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:http://titanfcu.com
Branches:1 branch locations
Members:3,691
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$60,696,726
CEO/Manager:Joshua D Vlajic
Chairperson:Joseph D Galbraith

Call Report

  • Participation Loans
  • Real Estate Loans
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 11,683,630
TOTAL INVESTMENTS 24,006,493
Loans Held for Sale 0
 
 Real Estate Loans 9,615,245
 Unsecured Loans 2,685,990
 Other Loans 11,921,084
 TOTAL LOANS 24,222,319
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -100,882
 Land And Building 213,131
 Other Fixed Assets 13,341
 NCUSIF Deposit 504,030
 All Other Assets 154,664
  TOTAL ASSETS 60,696,726
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,122
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,081,437
 Regular shares 41,328,673
 All Other Shares & Deposits 7,108,004
  TOTAL SHARES & DEPOSITS 53,518,114
  TOTAL LIABILITIES 53,521,236
 Regular Reserve 533,180
 Other Reserves 0
 Undivided Earnings 6,642,310
  TOTAL EQUITY 7,175,490
  TOTAL LIABILITIES, SHARES, & EQUITY 60,696,726
INCOME & EXPENSE  
 Loan Income 212,516
 Investment Income 84,827
 Other Income 6,978
 Total Employee Compensation & Benefits 66,409
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 101,050
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 10,000
 Cost of Funds 27,588
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 124,077
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