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I. U. 7 FEDERAL CREDIT UNION

Mar, 31, 2021 — I. U. 7 FEDERAL CREDIT UNION is a federal credit union headquartered in New Kensington, PA with 1 branch location and about $26.08 million in total assets. Opened 48 years ago in 1973, I. U. 7 FEDERAL CREDIT UNION has about 1,681 members and employs 3 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, 15 Feldarelli Squ
New Kensington, PA 15068-4669
Phone:(724) 339-0635
Fax:(724) 339-0605
Website:n/a
Branches:1 branch locations
Members:1,681
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$26,079,356
CEO/Manager:Thomas Joseph
Chairperson:John Thomas

Call Report

  • Debt Cancellation/Suspension
  • Real Estate Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,549,655
TOTAL INVESTMENTS 12,115,413
Loans Held for Sale 0
 
 Real Estate Loans 6,263,985
 Unsecured Loans 1,018,076
 Other Loans 4,808,953
 TOTAL LOANS 12,091,014
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -48,166
 Land And Building 0
 Other Fixed Assets 11,522
 NCUSIF Deposit 222,432
 All Other Assets 137,486
  TOTAL ASSETS 26,079,356
LIABILITIES & CAPITAL:  
 Dividends Payable 329,445
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 14,404
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 10,079,410
 All Other Shares & Deposits 12,403,886
  TOTAL SHARES & DEPOSITS 22,483,296
  TOTAL LIABILITIES 22,827,145
 Regular Reserve 252,904
 Other Reserves 0
 Undivided Earnings 2,999,307
  TOTAL EQUITY 3,252,211
  TOTAL LIABILITIES, SHARES, & EQUITY 26,079,356
INCOME & EXPENSE  
 Loan Income 127,868
 Investment Income 38,745
 Other Income 845
 Total Employee Compensation & Benefits 48,864
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 59,396
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 51,583
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 8,452
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