Dec, 31, 2023 — CITADEL FEDERAL CREDIT UNION is a federal credit union headquartered in EXTON, PA with 24 branch locations and about $5.81 billion in total assets. Opened 87 years ago in 1937, CITADEL FEDERAL CREDIT UNION has about 260,593 members and employs 564 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CITADEL FEDERAL CREDIT UNION |
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Address: (Main Office) | 520 Eagleview Blvd EXTON, PA 19341 |
Phone: | (800) 666-0191 |
Fax: | (610) 466-6417 |
Website: | https://www.citadelbanking.com |
Branches: | 24 branch locations |
Members: | 260,593 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2099 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $5,811,716,221 |
CEO/Manager: | Bill Brown |
Chairperson: | Claudia Hellebush |
ASSETS: | $ Amount |
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Cash & Equivalents | 284,007,045 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,429,714,117 |
Unsecured Loans | 287,214,682 |
Other Loans | 1,384,413,504 |
TOTAL LOANS | 5,101,342,303 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,413,746 |
Land And Building | 60,686,500 |
Other Fixed Assets | 11,459,813 |
NCUSIF Deposit | 43,271,698 |
All Other Assets | 162,686 |
TOTAL ASSETS | 5,811,716,221 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 23,047 |
Notes & Interest Payable | 516,000,000 |
Accounts Payable & Other Liabilities | 54,531,991 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 264,389,305 |
Regular shares | 2,342,207,624 |
All Other Shares & Deposits | 2,103,997,658 |
TOTAL SHARES & DEPOSITS | 4,710,594,587 |
TOTAL LIABILITIES | 5,281,149,625 |
Regular Reserve | 0 |
Other Reserves | -27,187,654 |
Undivided Earnings | 557,754,250 |
TOTAL EQUITY | 530,566,596 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,811,716,221 |
INCOME & EXPENSE | |
Loan Income | 231,438,290 |
Investment Income | 23,920,946 |
Other Income | 19,073,640 |
Total Employee Compensation & Benefits | 64,491,723 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 62,856,104 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,154,982 |
Cost of Funds | 119,290,668 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 46,172,694 |
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