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ARMSTRONG ASSOCIATES FEDERAL CREDIT UNION (AAFCU)

Mar, 31, 2021 — ARMSTRONG ASSOCIATES FEDERAL CREDIT UNION (AAFCU) is a federal credit union headquartered in KITTANNING, PA with 1 branch location and about $18.03 million in total assets. Opened 52 years ago in 1969, ARMSTRONG ASSOCIATES FEDERAL CREDIT UNION (AAFCU) has about 2,487 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:ARMSTRONG ASSOCIATES FEDERAL CREDIT UNION
Address:
(Main Office)
P O Box 210
KITTANNING, PA 16201
Phone:(724) 548-8722
Fax:(724) 545-1899
Website:https://aafcu4u.coop/
Branches:1 branch locations
Members:2,487
Credit Union Type:Federal Credit Union
Charter Number:19745
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1969
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$18,027,105
CEO/Manager:Sandra Garris
Chairperson:James Robinson

Call Report

  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,693,988
TOTAL INVESTMENTS 8,612,961
Loans Held for Sale 0
 
 Real Estate Loans 34,444
 Unsecured Loans 482,856
 Other Loans 1,021,466
 TOTAL LOANS 1,538,766
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,548
 Land And Building 0
 Other Fixed Assets 22,088
 NCUSIF Deposit 134,709
 All Other Assets 39,141
  TOTAL ASSETS 18,027,105
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 5,683
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,338,434
 Regular shares 12,414,687
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 15,753,121
  TOTAL LIABILITIES 15,758,804
 Regular Reserve 336,467
 Other Reserves 198,207
 Undivided Earnings 1,733,627
  TOTAL EQUITY 2,268,301
  TOTAL LIABILITIES, SHARES, & EQUITY 18,027,105
INCOME & EXPENSE  
 Loan Income 21,454
 Investment Income 27,903
 Other Income 2,713
 Total Employee Compensation & Benefits 42,209
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 37,671
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,968
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -26,741
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