Credit Unions Near Me
National Credit Union Service Organization

I. U. 7 FEDERAL CREDIT UNION

Dec, 31, 2023 — I. U. 7 FEDERAL CREDIT UNION is a federal credit union headquartered in NEW KENSINGTON, PA with 1 branch location and about $25.22 million in total assets. Opened 51 years ago in 1973, I. U. 7 FEDERAL CREDIT UNION has about 1,399 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:I. U. 7 FEDERAL CREDIT UNION
Address:
(Main Office)
2300 Freeport Rd
NEW KENSINGTON, PA 15068-4669
Phone:(724) 339-0635
Fax:(724) 339-0605
Website:https://iu7federalcreditunion.org
Branches:1 branch locations
Members:1,399
Credit Union Type:Federal Credit Union
Charter Number:21140
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1973
Last Audited:Mar 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$25,220,936
CEO/Manager:Jordan J Elias
Chairperson:John Thomas

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 638,651
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 6,810,532
 Unsecured Loans 678,325
 Other Loans 5,663,495
 TOTAL LOANS 13,152,354
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -130,402
 Land And Building 0
 Other Fixed Assets 34,559
 NCUSIF Deposit 210,289
 All Other Assets 0
  TOTAL ASSETS 25,220,936
LIABILITIES & CAPITAL:  
 Dividends Payable 534,647
 Notes & Interest Payable 920,000
 Accounts Payable & Other Liabilities 10,179
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 8,216,805
 All Other Shares & Deposits 12,380,708
  TOTAL SHARES & DEPOSITS 20,597,513
  TOTAL LIABILITIES 22,062,339
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 3,158,597
  TOTAL EQUITY 3,158,597
  TOTAL LIABILITIES, SHARES, & EQUITY 25,220,936
INCOME & EXPENSE  
 Loan Income 564,135
 Investment Income 177,622
 Other Income 20,712
 Total Employee Compensation & Benefits 233,456
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 217,310
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 49,082
 Cost of Funds 319,678
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -60,682
↑ Back to Top

Other Credit Unions

BACHARACH EMPLOYEES FEDERAL CREDIT UNION
621 Hunt Valley Cir
NEW KENSINGTON, PA 15068-7074
SPRINGDALE P. P. G. FEDERAL CREDIT UNION
125 Colfax St
SPRINGDALE, PA 15144
VALLEY WIDE OF PA FEDERAL CREDIT UNION
209 5th Ave
TARENTUM, PA 15084-1710
NEW KENSINGTON MUNICIPAL FEDERAL CREDIT UNION
301 11th St
NEW KENSINGTON, PA 15068-6179
COLFAX POWER PLANT EMPLOYEES FEDERAL CREDIT UNION
832 PITTSBURGH ST
SPRINGDALE, PA 15144-1623
CHESWICK ATOMIC DIVISION FEDERAL CREDIT UNION
801 Freeport Rd
CHESWICK, PA 15024
AVH FEDERAL CREDIT UNION
1301 carlisle st
NATRONA HEIGHTS, PA 15065
P A T A FEDERAL CREDIT UNION
207 Sigma Dr
PITTSBURGH, PA 15238-2827
PENN HILLS MUNICIPAL FEDERAL CREDIT UNION
102 Duff Rd
PITTSBURGH, PA 15235-3219
ALLEG-KISKI POSTAL FEDERAL CREDIT UNION
501 11th St
NEW KENSINGTON, PA 15068