Dec, 31, 2023 — CHROME FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, PA with 4 branch locations and about $193.20 million in total assets. Opened 53 years ago in 1971, CHROME FEDERAL CREDIT UNION has about 14,194 members and employs 44 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CHROME FEDERAL CREDIT UNION |
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Address: (Main Office) | 45 Griffith Ave WASHINGTON, PA 15301-2286 |
Phone: | (724) 228-2030 |
Fax: | (724) 704-7847 |
Website: | https://www.chromefcu.org |
Branches: | 4 branch locations |
Members: | 14,194 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20558 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1971 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $193,204,204 |
CEO/Manager: | Robert Flanyak |
Chairperson: | Robert Greek |
ASSETS: | $ Amount |
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Cash & Equivalents | 12,809,138 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 83,995,837 |
Unsecured Loans | 11,712,956 |
Other Loans | 55,253,910 |
TOTAL LOANS | 150,962,703 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,628,010 |
Land And Building | 6,788,136 |
Other Fixed Assets | 177,621 |
NCUSIF Deposit | 1,555,162 |
All Other Assets | 0 |
TOTAL ASSETS | 193,204,204 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 41,667 |
Notes & Interest Payable | 12,000,000 |
Accounts Payable & Other Liabilities | 61,381 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 29,651,534 |
Regular shares | 69,748,465 |
All Other Shares & Deposits | 54,813,373 |
TOTAL SHARES & DEPOSITS | 154,213,372 |
TOTAL LIABILITIES | 166,316,420 |
Regular Reserve | 0 |
Other Reserves | 1,551,411 |
Undivided Earnings | 25,336,373 |
TOTAL EQUITY | 26,887,784 |
TOTAL LIABILITIES, SHARES, & EQUITY | 193,204,204 |
INCOME & EXPENSE | |
Loan Income | 8,620,472 |
Investment Income | 1,061,352 |
Other Income | 684,311 |
Total Employee Compensation & Benefits | 3,742,013 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,433,359 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 327,099 |
Cost of Funds | 1,444,134 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,447,819 |
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