STATE COLLEGE FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.statecollegefcu.com for more information.
Dec, 31, 2023 — STATE COLLEGE FEDERAL CREDIT UNION is a federal credit union headquartered in STATE COLLEGE, PA with 2 branch locations and about $21.36 million in total assets. Opened 55 years ago in 1969, STATE COLLEGE FEDERAL CREDIT UNION has about 1,884 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STATE COLLEGE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 724 S ATHERTON ST STE B STATE COLLEGE, PA 16801-4672 |
| Phone: | (814) 234-0252 |
| Fax: | (814) 234-1665 |
| Website: | https://www.statecollegefcu.com |
| Branches: | 2 branch locations |
| Members: | 1,884 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19483 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Apr 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,356,430 |
| CEO/Manager: | Terry Shoemaker |
| Chairperson: | Doug Yoder |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,620,190 |
| TOTAL INVESTMENTS | 6,046,225 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,898,876 |
| Unsecured Loans | 2,120,436 |
| Other Loans | 4,429,924 |
| TOTAL LOANS | 10,449,236 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -48,199 |
| Land And Building | 0 |
| Other Fixed Assets | 18,996 |
| NCUSIF Deposit | 164,573 |
| All Other Assets | 105,409 |
| TOTAL ASSETS | 21,356,430 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,301 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,700 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,057,502 |
| Regular shares | 14,059,083 |
| All Other Shares & Deposits | 1,263,556 |
| TOTAL SHARES & DEPOSITS | 19,380,141 |
| TOTAL LIABILITIES | 19,385,142 |
| Regular Reserve | 156,307 |
| Other Reserves | 0 |
| Undivided Earnings | 1,814,981 |
| TOTAL EQUITY | 1,971,288 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,356,430 |
| INCOME & EXPENSE | |
| Loan Income | 350,590 |
| Investment Income | 81,482 |
| Other Income | 50,123 |
| Total Employee Compensation & Benefits | 176,628 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 187,464 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -25,607 |
| Cost of Funds | 10,601 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 133,109 |
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