Dec, 31, 2023 — NEWELL FEDERAL CREDIT UNION is a federal credit union headquartered in NEWELL, PA with 2 branch locations and about $6.47 million in total assets. Opened 56 years ago in 1968, NEWELL FEDERAL CREDIT UNION has about 898 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NEWELL FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 309 Long St NEWELL, PA 15466 |
Phone: | (724) 938-2460 |
Fax: | (724) 938-2223 |
Website: | https://newellfcu.org |
Branches: | 2 branch locations |
Members: | 898 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19045 |
---|---|
Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1968 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,468,085 |
CEO/Manager: | Deborah L Atcheson |
Chairperson: | Jack Lawver |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 271,052 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 318,531 |
Other Loans | 2,676,131 |
TOTAL LOANS | 2,994,662 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,935 |
Land And Building | 1,204 |
Other Fixed Assets | 13,529 |
NCUSIF Deposit | 62,064 |
All Other Assets | 0 |
TOTAL ASSETS | 6,468,085 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,120 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 766,545 |
Regular shares | 4,795,001 |
All Other Shares & Deposits | 346,456 |
TOTAL SHARES & DEPOSITS | 5,908,002 |
TOTAL LIABILITIES | 5,912,122 |
Regular Reserve | 0 |
Other Reserves | 156,873 |
Undivided Earnings | 399,090 |
TOTAL EQUITY | 555,963 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,468,085 |
INCOME & EXPENSE | |
Loan Income | 131,034 |
Investment Income | 47,722 |
Other Income | 47,223 |
Total Employee Compensation & Benefits | 81,894 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 131,372 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,559 |
Cost of Funds | 14,009 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -2,855 |
↑ Back to Top |
» See also Statement of Financial Condition