Dec, 31, 2023 — HIGHWAY FEDERAL CREDIT UNION is a federal credit union headquartered in HUGHESTOWN, PA with 2 branch locations and about $29.25 million in total assets. Opened 53 years ago in 1971, HIGHWAY FEDERAL CREDIT UNION has about 2,473 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HIGHWAY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 405 Laurel St HUGHESTOWN, PA 18640 |
| Phone: | (570) 602-7400 |
| Fax: | (570) 602-7402 |
| Website: | https://highwayfcu.org |
| Branches: | 2 branch locations |
| Members: | 2,473 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20691 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,245,836 |
| CEO/Manager: | TRACEY A CAREY |
| Chairperson: | Robert Havard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,867,487 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,218,271 |
| Unsecured Loans | 2,720,318 |
| Other Loans | 6,424,599 |
| TOTAL LOANS | 12,363,187 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -182,515 |
| Land And Building | 0 |
| Other Fixed Assets | 15,631 |
| NCUSIF Deposit | 238,056 |
| All Other Assets | 0 |
| TOTAL ASSETS | 29,245,836 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 178,676 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,693,839 |
| Regular shares | 14,096,810 |
| All Other Shares & Deposits | 4,343,263 |
| TOTAL SHARES & DEPOSITS | 24,133,912 |
| TOTAL LIABILITIES | 24,312,588 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,933,248 |
| TOTAL EQUITY | 4,933,248 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,245,836 |
| INCOME & EXPENSE | |
| Loan Income | 702,898 |
| Investment Income | 595,261 |
| Other Income | 124,873 |
| Total Employee Compensation & Benefits | 411,905 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 588,719 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 69,375 |
| Cost of Funds | 155,575 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 398,062 |
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