Dec, 31, 2023 — P & G MEHOOPANY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in TUNKHANNOCK, PA with 4 branch locations and about $173.78 million in total assets. Opened 52 years ago in 1972, P & G MEHOOPANY EMPLOYEES FEDERAL CREDIT UNION has about 16,109 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | P & G MEHOOPANY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 15 Lane Hill RD TUNKHANNOCK, PA 18657 |
| Phone: | (570) 836-3227 |
| Fax: | (570) 836-5180 |
| Website: | https://www.pgmfcu.org |
| Branches: | 4 branch locations |
| Members: | 16,109 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20861 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $173,777,234 |
| CEO/Manager: | Patrick Holmes |
| Chairperson: | David Sturdevant |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,968,992 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 33,535,677 |
| Unsecured Loans | 13,876,036 |
| Other Loans | 30,172,000 |
| TOTAL LOANS | 77,583,713 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -837,072 |
| Land And Building | 1,651,087 |
| Other Fixed Assets | 119,924 |
| NCUSIF Deposit | 1,527,113 |
| All Other Assets | 0 |
| TOTAL ASSETS | 173,777,234 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 71,347 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 263,697 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 38,200,961 |
| Regular shares | 92,560,826 |
| All Other Shares & Deposits | 21,064,727 |
| TOTAL SHARES & DEPOSITS | 151,826,514 |
| TOTAL LIABILITIES | 152,161,558 |
| Regular Reserve | 0 |
| Other Reserves | -14,910 |
| Undivided Earnings | 21,630,586 |
| TOTAL EQUITY | 21,615,676 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 173,777,234 |
| INCOME & EXPENSE | |
| Loan Income | 3,832,090 |
| Investment Income | 3,056,964 |
| Other Income | 505,132 |
| Total Employee Compensation & Benefits | 2,657,206 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,621,791 |
| Non-operating Income & (Expense) | 82,676 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 162,558 |
| Cost of Funds | 579,975 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,240,769 |
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